Axa XL

Speaking at an Insurance Insider panel event on the future of the market, Axa XL CEO Sean McGovern said the industry should focus less on “recycling” existing talent.

Axa XL’s global sustainability director set out practical considerations for insurers in their net-zero transitions at a conference today.

Allianz Global Corporate & Specialty (AGCS) hull underwriter Matthew Wells has resigned to join Axa XL, Insurance Insider can reveal.

Axa XL has promoted Olivia Shing to head of underwriting management, UK and Lloyd’s, in a role where she will execute the regional strategy to ensure sustainable profitability.

Axa XL anticipates booking losses of EUR400mn ($462mn) before tax and net of reinsurance from Hurricane Ida, the carrier has disclosed, as it reported total revenue growth of 3% in the first three quarters of 2021.

The executive and other ESG experts at the Airmic conference stressed the importance of insuring the transition to net-zero.

Nick Pascall becomes the latest senior member of staff to leave the business after a string of recent departures.

Despite the appointment of Alain Burguiere, it is understood that Elseco’s current head of aviation, Antoine Lamy, has not left the company.

The business has seen a number of senior staff in specialty lines exit recently.

Specialty (re)insurer Chaucer has appointed Xamira Groves as its new head of insurance, where she will work closely with the group’s syndicates to expand global market share across multiple P&C lines.

Plus the winners of the Insider Honours and all the top news from the week.

The inability to strike a deal sends both buyer and seller back to square one.