Axa XL
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The MGA aims for US expansion with the appointment of the executive as country CEO
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The hires complete the Bermuda-headquartered (re)insurer’s top team as it gears up to launch.
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People keep asking me how I think Steve McGill and John Lloyd’s start-up will do.
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The restructuring is expected to save close to EUR100mn($113.3mn) in reinsurance costs.
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Axa XL was in the headlines yesterday for making up to 7.5 percent of its workforce redundant.
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The carrier received in-principle approval to move XL Insurance Company to Ireland late last year.
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The company market association hires a consultant to help members maximise value from the DXC deal.
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Settle in for The Insurance Insider’s 12 days of Insurancemas.
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Chokshi takes over leading the binding authority and brokerage business from Karl Fischbach.
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The four-strong team has moved to the London-based start-up.
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The departure follows the exit of another co-founder last year.
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Market sources described a frenetic dynamic between underwriting leaders and followers in the verticalised market.
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