Axa XL
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The appointment is part of a reorganization of the Americas business.
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The marine expert has worked for Axa XL and Catlin for most of his career.
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Axa XL has also added Fidelis’ Jamie Cann to its aviation team.
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The underwriter will head up casualty reinsurance for the US and elsewhere.
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Michael Yeats will now lead the automatic reinsurance facilities division in the US.
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He was previously head of underwriting management and deputy CUO for Axa XL’s marine segment.
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Kelly was recently appointed to head up the product recall book at Axa XL.
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The LMG chair also discussed the need for tailored regulations.
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Paul Thomas was also appointed head of sports, media and entertainment.
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The P&C segment reported a 71% increase in underlying earnings.
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