Axa XL
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The former Zurich Ireland CUO will take on the role from July and report to UK & Lloyd’s market CUO Luis Prato.
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Axa France says it will continue to reimburse policyholders for breach response costs. -
Piers Tuggey has served as interim head since December and worked at both predecessor entities Catlin and XL Catlin.
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Parent Axa says the unit is on track to achieve a full-year earnings target of EUR1.2bn ($1.4bn).
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The former financial lines CUO will start at the end of the month and be based in Switzerland.
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Trade association research found that women make up only 27% of directors at 31 member companies surveyed.
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The MGA will cover power, mining, chemical processing industries and public and private building sectors and civil infrastructure risks.
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After years of poor performance and talent flight, Insurance Insider examines the challenges faced by Axa XL and the strengths it holds to forge a new start.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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The former Asia Pacific head of marine will relocate to London.
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The creation of a single Bermuda reinsurance company removes a key structural impediment to a sale.
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Gallagher is the broker for Indonesian state oil firm Pertamina, with AIG and Axa XL understood to participate.
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