Axa XL
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The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion. -
The carrier has announced several changes to its management committee before revealing its new strategic plan early next year.
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The carrier has been recruiting for the position following Steven Farr’s move to Tokio Marine HCC.
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Sean McGovern said the appointment was part of an “important strategic initiative” for the company.
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The carrier reported group revenue of EUR31.8n, 2.1% higher than in the prior-year quarter.
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The underwriter has worked at various Axa entities for 13 years, holding a string of increasingly senior positions.
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Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.
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The underwriter has over a decade of cyber experience and has worked at Axa XL since 2020.
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The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.
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Hannah Hosking will join from Chubb to lead the strategy across the business, focusing on growth at the higher end of the market segment.
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Adam Lait is joining as senior underwriter, marine liability & ports, UK & Lloyd’s after a near-10-year tenure at Marsh.
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The syndicate booked a comprehensive loss of £103.7mn for the year as its underwriting profit fell by 90%.
