Axa XL

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.