Axa XL
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Willis Towers Watson’s Michael Clarke and Generali’s Robyn Warke are to join the carrier.
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The former Axa China CEO and Middle Eastern healthcare architect steps up.
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The carrier will have to compensate a Parisian restaurateur for two months’ lost earnings.
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Analyst Michael Huttner predicts that rising rates could allow Zurich to recover pandemic losses in just a year.
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Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
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Coronavirus’ unwanted record; John Neal speaks out; structured credit freezes up.
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The carrier positions itself to take advantage of rising rates following Covid-19 losses. -
Nancy Bewlay takes on the role of global CUO while Sean McGovern becomes interim CEO for the UK and Lloyd’s market.
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Philip Kett said Axa’s likely loss for the outright cancellation of the games would be EUR60mn.
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The syndicate narrowed its underwriting loss year on year with a combined ratio of 110 percent.
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The cancellation comes amid market-wide pressure on broker facilities.
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The position at the carrier was vacant following the elevation of Peter Welton to UK head of energy.
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