Axa XL
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Ahead of the Dive In festival, the Axa XL UK and Lloyd’s CEO said better data collection for D&I was imperative to achieve progress.
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Investors react after the carriers’ group earnings almost halve year on year.
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Reinsurance, crisis management and art and specie are areas of opportunity, according to the Axa XL chief.
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Axa estimated its total 2020 impact from Covid-19 for the group at EUR1.5bn, which it booked in the first half. -
Three senior executives take on new roles after the appointment of Sean McGovern as permanent chief of the regional unit.
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McGovern was named as permanent CEO for UK and Lloyd’s at Axa XL earlier this week.
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The former Lloyd’s exec takes the helm as the carrier pivots towards a new structure with more regional autonomy.
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The pull back of a key lead market comes at a time of significant hardening in the D&O space.
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The licence makes it the first Shanghai-based reinsurance subsidiary and the first foreign-owned reinsurance subsidiary in China.
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Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.
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Munich Re Syndicate has appointed Rob McAdams as its new head of marine, replacing Simon Parnell, who is retiring after 21 years at the company.
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The experienced underwriter replaces Simon Parnell, who is retiring after a long career at the firm.
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