Axa XL
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The exec said if he were a carrier CEO, now is the time he would start looking for deals. -
The carrier will focus on mid-market business outside of Lloyd’s.
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The carrier reported a below-budget cat experience, despite the California wildfires.
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The Paragon-owned coverholder is known as a specialist in film insurance.
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Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.
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Earlier this week, we revealed that Louise Nevill was joining Axa XL as specialty CUO.
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Nevill has extensive experience in underwriting at Talbot, WR Berkley and Markel.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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The move comes amid a restructure of Axa XL’s specialty leadership.
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