Axa XL

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.

In a string of appointments, the carrier has also promoted Enrique López Torrents to country manager Iberia.

Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.

The 2021 result is the first time Syndicate 2003 has turned an underwriting profit in four years.

Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.

The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.

The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.

Axa XL has worked to trim volatility, reducing nat-cat reinsurance exposure by 40% and restructuring its reinsurance retentions.

Axa XL underwriters will be available for in-person meetings across all product lines every day of the week.

In her new role, De Rosa will oversee Axa’s construction and engineering treaty and facultative portfolio and strategy for clients in both the US and international markets.

Prior to securing the top A&H job, Andrew Maynard was global product lead for wholesale life and A&H.

The Axa XL executive said a parliament inquiry into London market regulation provides a platform to raise issues around the absence of UK captives and domestic reinsurers.