Axa XL
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Ian Sawyer worked at XL Catlin from 2006 to 2018, when he left to take up the global head of casualty role at SiriusPoint. -
The incoming cyber head will step into the role left by Laura Hunt, who joined AIG last month.
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The executive replaces Nancy Bewlay, who has moved to run the reinsurance division.
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The new hire joins from Axa XL, with a background at Hiscox.
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The underwriter has held the role on an interim basis since September last year.
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The reorganisation is one of the first major changes to the reinsurance arm since Nancy Bewlay became CEO of the division.
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A Q1 results update shows total revenues at Axa XL increased 4% to EUR6.2bn ($6.5bn) as top-line growth was offset by drop in revenue at Axa XL Re.
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In a string of appointments, the carrier has also promoted Enrique López Torrents to country manager Iberia.
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The 2021 result is the first time Syndicate 2003 has turned an underwriting profit in four years.
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Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.
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The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.
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The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.
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