Axa XL
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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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The company provides reinsurance to insurers in LatAm and the Caribbean.
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Duties will include setting strategic direction in marine, aerospace, and specialty niche lines.
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The appointment follows the resignations of Shaun Russ and Ian Davidson.
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The resignations will see Russ and Davidson reunited with fellow Axa XL alumnus Mark Hutton, who joined Tokio Marine HCC as head of crisis management last year.
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Ashwell is widely regarded as one of the architects of the standalone terrorism market that emerged after 9/11.
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The carrier is targeting the line of business as part of a wider strategic push in international insurance.
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Mike Gosselin steps into the role vacated by Luis Prato, who left the carrier earlier this year to join LSM.
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Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
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It is understood that Hutton has resigned from his previous role as global product head of product recall at Axa XL after six years with the carrier.
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Sources voiced some disappointment in the rate reduction but acknowledged the improved loss record of the contract.
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Adias Gerbaud will be responsible for developing underwriting strategies, optimising product offerings and driving profitability for Axa XL in Europe, Asia and Australia.
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At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
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Based in New York, the executive will report to Axa XL CUO Libby Benet.
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Demand for specialty commercial insurance in Australia has been increasing, driven in part by the growth of the digital economy alongside traditional industries.
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Hayzelden has been charged with leading the firm's upstream energy team, covering both offshore oil and gas and offshore renewable wind risks.
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It was reported last month that Axa was believed to be preparing for a sale of Axa XL Re.
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Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.
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It didn’t take long after the Validus-RenRe deal for the next possible reinsurance consolidation target to emerge.
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