Axa XL
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The carrier is believed to be restructuring the leadership of its London specialty business. -
Underwriters are broadly pricing on the basis of a $1.5bn Baltimore claim, but there is uncertainty.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.
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At group level, Axa’s underlying earnings improved by 4% to EUR4.2bn.
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The appointment is part of a reorganization of the Americas business.
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The marine expert has worked for Axa XL and Catlin for most of his career.
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Axa XL has also added Fidelis’ Jamie Cann to its aviation team.
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The underwriter will head up casualty reinsurance for the US and elsewhere.
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Michael Yeats will now lead the automatic reinsurance facilities division in the US.
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