Axa XL
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The executive takes over from Peter Welton, who was made UK & Lloyd’s CUO for marine, energy and aerospace earlier this year.
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James Tuplin has worked at the carrier for nearly four years and has taken redundancy as the business continues its restructure.
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The executive has worked at Axa XL and legacy XL Catlin since 2011.
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AIG shares climbed 13% to $37.52, compared with a 1.2% increase in the overall S&P 500 index.
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The Axa XL UK and Lloyd's chief says the outlook influenced its decision to put its UK and Lloyd’s executive liability and financial institutions book into run-off. -
CFO Bouas-Laurent reassures analysts that the cash injection will not harm solvency.
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Parent Axa leaves its EUR1.5bn estimate for Covid-19 losses unchanged at the nine-month mark.
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The insurance industry should use the wake of the pandemic to “build back better” says the Axa CEO.
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The industry group highlights Swiss, US, Asian and Middle Eastern outreach.
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The carrier’s Polish, Czech and Slovakian operations are now owned by Uniqa.
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The decision follows an earlier move to shrink the book and the departure of CUO of international financial lines Tim Powell.
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The carrier has implemented a new operating model designed to empower leadership in its regions.
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