Axa XL
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He was previously head of underwriting management and deputy CUO for Axa XL’s marine segment.
-
Kelly was recently appointed to head up the product recall book at Axa XL.
-
-
The LMG chair also discussed the need for tailored regulations.
-
Paul Thomas was also appointed head of sports, media and entertainment.
-
The P&C segment reported a 71% increase in underlying earnings.
-
The company provides reinsurance to insurers in LatAm and the Caribbean.
-
Duties will include setting strategic direction in marine, aerospace, and specialty niche lines.
-
The appointment follows the resignations of Shaun Russ and Ian Davidson.
-
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.
-
Ashwell is widely regarded as one of the architects of the standalone terrorism market that emerged after 9/11.
-
The carrier is targeting the line of business as part of a wider strategic push in international insurance.
-
Mike Gosselin steps into the role vacated by Luis Prato, who left the carrier earlier this year to join LSM.
-
Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
-
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.
-
Sources voiced some disappointment in the rate reduction but acknowledged the improved loss record of the contract.
-
Adias Gerbaud will be responsible for developing underwriting strategies, optimising product offerings and driving profitability for Axa XL in Europe, Asia and Australia.
-
At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
-
Based in New York, the executive will report to Axa XL CUO Libby Benet.
-
Demand for specialty commercial insurance in Australia has been increasing, driven in part by the growth of the digital economy alongside traditional industries.
-
Hayzelden has been charged with leading the firm's upstream energy team, covering both offshore oil and gas and offshore renewable wind risks.
-
It was reported last month that Axa was believed to be preparing for a sale of Axa XL Re.
-
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.
-
It didn’t take long after the Validus-RenRe deal for the next possible reinsurance consolidation target to emerge.
-
The carrier will increase its involvement in renewables, and cut the carbon intensity of its motor and P&C book.
-
At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
-
A panel of sustainability leaders from Conduit Re, Axa XL, Convex and Vantage Risk discussed the need for a consistent methodology to measure underwriting emissions at the Bermuda Climate Summit.
-
-
The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion.
-
The carrier has announced several changes to its management committee before revealing its new strategic plan early next year.
-
The carrier has been recruiting for the position following Steven Farr’s move to Tokio Marine HCC.
-
Sean McGovern said the appointment was part of an “important strategic initiative” for the company.
-
The carrier reported group revenue of EUR31.8n, 2.1% higher than in the prior-year quarter.
-
The underwriter has worked at various Axa entities for 13 years, holding a string of increasingly senior positions.
-
Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.
-
The underwriter has over a decade of cyber experience and has worked at Axa XL since 2020.
-
The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.
-
Hannah Hosking will join from Chubb to lead the strategy across the business, focusing on growth at the higher end of the market segment.
-
Adam Lait is joining as senior underwriter, marine liability & ports, UK & Lloyd’s after a near-10-year tenure at Marsh.
-
The syndicate booked a comprehensive loss of £103.7mn for the year as its underwriting profit fell by 90%.
-
The MGA has $15mn of capacity to underwrite UK public corporations and plans to expand into the US market.
-
The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.
-
The carrier also reported a drop in reinsurance revenue, with Axa XL Re reporting revenues of EUR3.2bn, a 27% fall from the year prior.
-
Stephanie Coxall joined the business in 2012 and progressed to hold several key roles, most recently leading Axa XL’s global learning academy.
-
According to sources, Daniel O’Connell will join Fidelis MGU as head of bespoke.
-
Felix Winzap will join the Swiss leadership team following the resignation of Peter Schmidt.
-
Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
-
Francesca Giurato will take on a leadership role for both Dual Europe and Dual Italia, with the aim of building a European hub for the fine art business.
-
Prior to her promotion, Laura Casby was a senior underwriter in the UK and Lloyd’s upstream energy team.
-
Prior to her promotion, Kareen Richardson was a vice president, senior underwriter, in Axa XL’s excess casualty team.
-
The cyber specialist joins a company in growth mode, with acquisitions and new offices in London and Europe.
-
The executive joins from Aon where she spent 19 years in cyber roles including chief operating officer, chief commercial officer and chief broking officer.
-
A harder retro market will have a knock-on effect for London reinsurers, a panel of executives said at today’s London Market Conference hosted by Insurance Insider.
-
Some expressed disappointment at the rate change, but it came off the back of a major correction last year.
-
The French carrier’s P&C unit has been reducing exposure to nat cat during 2022.
-
The conflict has prompted a potential mismatch between insurer and client transition speeds.
-
Steven Farr has worked at Axa XL since 2007, then the Catlin business, holding a string of increasingly senior energy underwriting positions.
-
Last month, Axa XL appointed Mark Twite as CEO for its Bermuda reinsurance operations.
-
Mike Gazzard joined Axa XL in 2019 and was most recently vice president and senior underwriter of the carrier’s E&O portfolio strategy.
-
Prior to his new role, Mark Twite served as global head of reinsurance finance at Axa XL.
-
Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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Nigel Hinshelwood will succeed Claire Ighodaro on 1 January 2023, subject to regulatory approval.
-
The carrier will “hold the line” on property exposure with its key renewal clients, the executive explained.
-
Bertrand Romange will retain his current position of CEO for Europe and CUO of P&C International Re alongside his new duties.
-
Sabrina Lahrmann will be responsible for growing Axa XL’s international property portfolio.
-
Axa also announced the launch of a group EUR1bn share buy-back scheme.
-
In his new role, Adrian Burgess will be responsible for developing and managing underwriting strategies within Axa XL’s UK construction book.
-
Sarah White joins from HDI Specialty, where she spent more than 12 years, most recently as a senior underwriter and product lead for SME lawyers.
-
The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
-
The underwriter will focus on underwriting and marketing strategy in the region.
-
The underwriters are tasked with implementing “ambitious growth plans” across the lines of business.
-
Peter Kiernan replaces Simon Penney, who is moving to an analytics role.
-
The executive previously led financial lines in Iberia for the carrier.
-
Ian Sawyer worked at XL Catlin from 2006 to 2018, when he left to take up the global head of casualty role at SiriusPoint.
-
The incoming cyber head will step into the role left by Laura Hunt, who joined AIG last month.
-
The executive replaces Nancy Bewlay, who has moved to run the reinsurance division.
-
The new hire joins from Axa XL, with a background at Hiscox.
-
The underwriter has held the role on an interim basis since September last year.
-
The reorganisation is one of the first major changes to the reinsurance arm since Nancy Bewlay became CEO of the division.
-
A Q1 results update shows total revenues at Axa XL increased 4% to EUR6.2bn ($6.5bn) as top-line growth was offset by drop in revenue at Axa XL Re.
-
In a string of appointments, the carrier has also promoted Enrique López Torrents to country manager Iberia.
-
Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.
-
The 2021 result is the first time Syndicate 2003 has turned an underwriting profit in four years.
-
Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.
-
The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.
-
The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.
-
Axa XL has worked to trim volatility, reducing nat-cat reinsurance exposure by 40% and restructuring its reinsurance retentions.
-
Axa XL underwriters will be available for in-person meetings across all product lines every day of the week.
-
In her new role, De Rosa will oversee Axa’s construction and engineering treaty and facultative portfolio and strategy for clients in both the US and international markets.
-
Prior to securing the top A&H job, Andrew Maynard was global product lead for wholesale life and A&H.
-
The Axa XL executive said a parliament inquiry into London market regulation provides a platform to raise issues around the absence of UK captives and domestic reinsurers.
-
Prior to joining Sompo International, Patrick Corbett was life and A&H CUO at Axa XL for three years.
-
A total of 12 managing agents control £1bn or more of capacity, analysis shows.
-
Lindsay Astor’s appointment to the new role is effective immediately.
-
Speaking at an Insurance Insider panel event on the future of the market, Axa XL CEO Sean McGovern said the industry should focus less on “recycling” existing talent.
-
Axa XL’s global sustainability director set out practical considerations for insurers in their net-zero transitions at a conference today.
-
Allianz Global Corporate & Specialty (AGCS) hull underwriter Matthew Wells has resigned to join Axa XL, Insurance Insider can reveal.
-
Axa XL has promoted Olivia Shing to head of underwriting management, UK and Lloyd’s, in a role where she will execute the regional strategy to ensure sustainable profitability.
-
Axa XL anticipates booking losses of EUR400mn ($462mn) before tax and net of reinsurance from Hurricane Ida, the carrier has disclosed, as it reported total revenue growth of 3% in the first three quarters of 2021.
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The executive and other ESG experts at the Airmic conference stressed the importance of insuring the transition to net-zero.
-
Nick Pascall becomes the latest senior member of staff to leave the business after a string of recent departures.
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Despite the appointment of Alain Burguiere, it is understood that Elseco’s current head of aviation, Antoine Lamy, has not left the company.
-
The business has seen a number of senior staff in specialty lines exit recently.
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Specialty (re)insurer Chaucer has appointed Xamira Groves as its new head of insurance, where she will work closely with the group’s syndicates to expand global market share across multiple P&C lines.
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Plus the winners of the Insider Honours and all the top news from the week.
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The inability to strike a deal sends both buyer and seller back to square one.
-
The carrier said the move is part of its plan to simply group reinsurance operations.
-
In his new role, Andy MacFarlane will be in charge of developing Axa’s climate strategy.
-
Stephen Clark will also keep his responsibilities as North America hull and liabilities practice leader, a role he has held since 2017.
-
As part of his promotion, Andrew Innes will also join the division’s global aerospace leadership team.
-
Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.
-
Dane Mahoney, who has been with Axa XL since 2013, will lead a team of global risk analysts and develop the global underwriting strategy.
-
The hull market has seen multiple years of positive rating momentum following a period of prolonged soft conditions.
-
The executive said the carrier would continue with its underwriting approach and benefit from pricing tailwinds.
-
Axa almost doubled its profits at a group level, and the business expects claims of EUR400mn from recent European floods.
-
The carrier’s global head of hull Mike MacColl resigned from the business earlier this year to join Atrium.
-
Any transaction would be predicated on a major reorganisation of the acquisition target, slowing deal progress.
-
The executive spoke exclusively to Insurance Insider about his role leading the London Market Group’s five-point plan to lobby for UK regulatory reforms.
-
The new hire joins from Axis’ capital risk solutions team.
-
Ress will lead Axa XL’s underwriting strategy for general liability, motor and environmental insurance in Europe and the APAC region.
-
The carrier has reshaped its hull leadership team since the departure of global head of hull Mike MacColl.
-
Although superficially a good match, Axa would run significant risks in pursuing a sale of its reinsurance arm to the French mutual.
-
If Covea agrees a sale price in this range for the operations, parent Axa could book a EUR1bn gain, Berenberg claimed.
-
The French mutual has been looking to expand, with recent unsuccessful attempts to acquire Scor and PartnerRe.
-
The carrier has also promoted internally for a new leader of its US political risk, credit and bond team as it continues to staff up the division.
-
The former underwriter will take up the newly created role on 9 August.
-
The research body said that both businesses had reported poor underwriting results.
-
The CEO said he had “no regrets” in taking the radical actions needed to stem losses at the unit.
-
The ILS vehicle has support from four key providers and will be launched alongside a broader offering including K&R, fine art and other specialty risks.
-
Sources say the pipeline operator has at least $15mn in cyber insurance cover.
-
The former Zurich Ireland CUO will take on the role from July and report to UK & Lloyd’s market CUO Luis Prato.
-
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.
-
Parent Axa says the unit is on track to achieve a full-year earnings target of EUR1.2bn ($1.4bn).
-
The former financial lines CUO will start at the end of the month and be based in Switzerland.
-
Trade association research found that women make up only 27% of directors at 31 member companies surveyed.
-
The MGA will cover power, mining, chemical processing industries and public and private building sectors and civil infrastructure risks.
-
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.
-
Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
-
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.
-
Gallagher is the broker for Indonesian state oil firm Pertamina, with AIG and Axa XL understood to participate.
-
The new Axa XL Reinsurance Limited consolidates the carrier’s reinsurance operations.
-
Axa XL’s flagship Syndicate 2003 reported a loss of £334mn ($459mn) for the year as its combined ratio deteriorated by 23.8 points to 133.8% on Covid-19 losses and adverse development on long-tail lines.
-
The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser
-
The new recruit will be head of international war and terror underwriting and work alongside Quentin Prebble.
-
The marine hull and war underwriter will rejoin former colleague Chris Goddard, who launched the start-up last year.
-
In securing the Enstar ADC, Axa XL has drawn a line in the sand and signalled a fresh start to investors.
-
The four major developments of the week include:
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The carrier is one of a number of players to have entered the D&O market as pricing continues to grow.
-
The team of around 30 staff will manage the run-off of Axa XL’s existing book and launch a product with Aviva.
-
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-
The new recruit will take on the role of head of Europe for the growing M&A team.
-
The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.
-
Yosha DeLong will be cyber underwriting head, whilst James Tuplin will be international head of cyber underwriting.
-
The broker said that the carrier’s decision had forced some clients to rebuild policies from scratch.
-
The firm’s mean pay differential also shrank 10 points to 29.6%.
-
Robertson will join as deputy group CEO before taking the CEO job, with Michael Watson staying on as chairman.
-
Michael Yeats will oversee the carrier’s reinsurance offices in Bogota, Buenos Aires, Miami and Sao Paulo.
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He reports to the carrier’s global chief underwriting officer for financial lines, Libby Benet.
-
Ashok Krishnan moves into the London-based role from Axa Hong Kong.
-
It is understood the book will be reinsured to close into Compre’s new legacy syndicate once the launch is approved.
-
Scully fills a gap left by the departure of Steve Hartwig to Ark last year.
-
The carrier’s former energy, property and construction claims lead exits for consultancy position.
-
The management liability market underwent huge hardening last year as major carriers withdrew.
-
The deal, pitched at a multiple of 12.2x 2019 earnings, follows disposal agreements for Axa in the Gulf, central and eastern Europe and India.
-
Major consolidation laid the ground for current new launches, the Conduit chairman suggested.
-
David Gallagher has left his role, after more than 26 years with the business.
-
The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.
-
The executive replaces Urs Uhlmann, who left the company in October.
-
There will be significant movements in the ranks of the top 10 syndicates in 2021, with Brit moving into second place and Axa XL tumbling to 7th.
-
The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers.
-
The local Organising Committee expects to receive around 50bn yen ($481mn) for the initial delay.
-
The underwriter’s resignation marks the latest in a string of senior departures at the carrier.
-
The US carrier has offloaded a tranche of liability business written out of London.
-
The Axa CEO has “very high confidence” that Scott Gunter and his team will achieve EUR1.2bn in underlying earnings by 2021.
-
The insurance regulator suggests Solvency II reforms should include a provision to ban shareholder handouts in times of crisis.
-
What really moves the needle at Lloyd’s is when the biggest beasts start to draw in their horns.
-
The executive takes over from Peter Welton, who was made UK & Lloyd’s CUO for marine, energy and aerospace earlier this year.
-
James Tuplin has worked at the carrier for nearly four years and has taken redundancy as the business continues its restructure.
-
The executive has worked at Axa XL and legacy XL Catlin since 2011.
-
AIG shares climbed 13% to $37.52, compared with a 1.2% increase in the overall S&P 500 index.
-
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.
-
Parent Axa leaves its EUR1.5bn estimate for Covid-19 losses unchanged at the nine-month mark.
-
The insurance industry should use the wake of the pandemic to “build back better” says the Axa CEO.
-
The industry group highlights Swiss, US, Asian and Middle Eastern outreach.
-
The carrier’s Polish, Czech and Slovakian operations are now owned by Uniqa.
-
The decision follows an earlier move to shrink the book and the departure of CUO of international financial lines Tim Powell.
-
The carrier has implemented a new operating model designed to empower leadership in its regions.
-
The CEO said future uncertainty and the “enormity” of corporate debt posed a significant challenge for the insurance sector.
-
The changes are part of the carrier’s move to a more regional operating model.
-
The carrier unveils a carbon management strategy to tackle climate change.
-
As rating soars and income dries up, clients are forced to cut limits and take on higher deductibles.
-
D&O is a major focus of the remediation work, with new business halted and a number of accounts expected to be non-renewed.
-
Analyst Philip Kett said that the move could lift the company’s valuation.
-
Jonathan Salter replaces Corinne Vitrac, who will become head of group P&C risk management.
-
Future trading arrangements and the need to make London more competitive will top the new business environment sponsor’s agenda.
-
Sources said the legacy arm of Axa had lost some investor support for the second of its funds used to back legacy acquisitions.
-
April McLaughlin will manage and expand its multi-line reinsurance offering within the region.
-
The potential disposal coincides with sale processes in locations including Singapore, Belgium and Central and Eastern Europe.
-
Liability losses on the Willis Re-brokered policy will take the claims tally above the expected total $50mn hull loss.
-
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.
-
Investors react after the carriers’ group earnings almost halve year on year.
-
Reinsurance, crisis management and art and specie are areas of opportunity, according to the Axa XL chief.
-
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.
-
McGovern was named as permanent CEO for UK and Lloyd’s at Axa XL earlier this week.
-
The former Lloyd’s exec takes the helm as the carrier pivots towards a new structure with more regional autonomy.
-
The pull back of a key lead market comes at a time of significant hardening in the D&O space.
-
The licence makes it the first Shanghai-based reinsurance subsidiary and the first foreign-owned reinsurance subsidiary in China.
-
Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.
-
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.
-
The experienced underwriter replaces Simon Parnell, who is retiring after a long career at the firm.
-
Willis Towers Watson’s Michael Clarke and Generali’s Robyn Warke are to join the carrier.
-
The former Axa China CEO and Middle Eastern healthcare architect steps up.
-
The carrier will have to compensate a Parisian restaurateur for two months’ lost earnings.
-
Analyst Michael Huttner predicts that rising rates could allow Zurich to recover pandemic losses in just a year.
-
Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
-
Coronavirus’ unwanted record; John Neal speaks out; structured credit freezes up.
-
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.
-
Philip Kett said Axa’s likely loss for the outright cancellation of the games would be EUR60mn.
-
The syndicate narrowed its underwriting loss year on year with a combined ratio of 110 percent.
-
The cancellation comes amid market-wide pressure on broker facilities.
-
The position at the carrier was vacant following the elevation of Peter Welton to UK head of energy.
-
Chris Williams previously spent 12 years as class underwriter for bloodstock at the Fairfax-owned company.
-
The carrier looks to capitalise on a pricing correction in the class.
-
Coronavirus and the contingency market, the future of Axa XL, and more.
-
The move is the latest in a string of deals with companies including BorgWarner, Zurich and Munich Re.
-
The appointment of Scott Gunter as Axa XL CEO has surprised the market.
-
The unit also cuts its property cat appetite and reduces line sizes in casualty lines.
-
Cat losses and large man-made claims weigh on the division's earnings.
-
The surprise move reflects a desire to bolster profitability at the specialty business, group CEO Buberl says.
-
The International Group originally notified reinsurers of a $115mn loss.
-
Carriers led by Axa XL are accused of “not acting in good faith” and acting “miserly”.
-
The combined vehicle will write P&C cover for amusement parks, arcades and carnivals.
-
Elizabeth Benet has a long career in specialty lines underwriting.
-
Hancock’s shock departure, Pioneer for sale, AJG’s Matson on record and more loss updates.
-
Katy Bradica returns to the carrier after nine months as AIG’s chief actuary for North America, while Mary Latham joins from Beazley.
-
The case exemplifies the complications historic opioid claims are causing in the market.
-
Odette Novoa and Erica Delaney join the insurer’s New York office.
-
The issues lag the size of expiring ILS cover for both carriers.
-
The flagship facility retains QBE and Axa XL for 2020 participation.
-
The firm provides real estate investors and developers across Europe, India and the Americas with cover.
-
Sheri Wilbanks was at AIG for more than 14 years, most recently as its global innovation lead for its Client Risk Solutions division.
-
The Fleet UK product is distributed around 600 brokers and combines risk management services, with telematics and fleet analysis.
-
The latest Galileo cat bond has five tranches and will cover various natural catastrophe risks in the US, Canada, Puerto Rico and the US Virgin Islands, Europe and Australia.
-
Nine-month revenues were up 11 percent year on year, driven by growth in P&C insurance.
-
Mark Campbell and David Walker will be wholesale A&H underwriting manager and class underwriter, respectively.
-
Great American replaces Axa-XL as a paper provider for the AJ Gallagher-owned marine managing general agent.
-
Peter Welton becomes UK energy head to replace Luis Prato, who was promoted to CUO of Axa XL UK legal entities.
-
Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
-
Tokio Marine is likely to retain a significant portion of Pure’s $666mn of 2018 ceded premium net.
-
The hire helps to replenish a team depleted by appointments at Convex.
-
Matt Lucas joins as managing director of business development, while Dvorit Mausner will be director of execution.
-
Michelle Jensen and Pietro Tarone will take up the respective roles of senior underwriter and underwriter.
-
Saverio Longo will take on the role from Simona Fumagalli following her move to a European financial lines leadership role.
-
The deal is Axa Liabilities Managers’ 20th run-off purchase.
-
The appointments come after the company named a new head of UK coverholder management.
-
The executive becomes a permanent replacement for Paul Greensmith, who took the CEO role at the UK businesses last year.
-
The carrier would consider a vehicle if it allowed the matching of the right capital to risk, the Axa XL CEO said.
-
The CEO said in three years the third-party capital platform could support risk from across the parent group.
-
John Welsh will become international markets chief at the start of next year.
-
The promotion of Paul Howard is part of a wider investment push in the delegated authorities segment.
-
The internal promotion comes after Steve Hawkins left the firm for Convex.
-
Axa XL leads the Arkansas-headquartered food company’s property programme, according to market sources.
-
Arezes joins the carrier’s Toronto-based property operation from Zurich.
-
The new recruit joins after a 19-year international career with Axa XL.
-
Further details of the cyber placement show the risk is fairly evenly spread across the US, Bermuda and London markets.
-
The Pennsylvania-based grocer has been named in multiple lawsuits by plaintiffs seeking to recover billions of dollars over opioids.
-
The Axa veteran joins the European team from the Indonesian arm of the business.
-
Anne Middleton spent almost seven years at Catlin and successor entities after moving into the sector from PwC.
-
The Insurance Insider ran an analysis into syndicate administrative costs after Lloyd’s found no correlation between the size of a syndicate and its admin expense ratio.
-
The former RMS CEO spoke Wednesday at a marine industry conference.
-
Tom Houston will work with upstream specialist Steve Hawkins at the new carrier.
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