Axa XL
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Beazley is one of the key leaders in the London marine marketplace. -
The carrier has been exploring launching into P&C organically or via acquisition.
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The carrier is planning a limited relaunch into the UK D&O market.
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Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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He was appointed CUO of casualty, Americas, in July last year.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Donna Swillman is currently a senior underwriter at Axa XL.
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Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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There has already been an influx of new capacity from MGAs into the power market.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The carrier will focus on mid-market business outside of Lloyd’s.
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The carrier reported a below-budget cat experience, despite the California wildfires.
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The Paragon-owned coverholder is known as a specialist in film insurance.
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Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.
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Earlier this week, we revealed that Louise Nevill was joining Axa XL as specialty CUO.
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Nevill has extensive experience in underwriting at Talbot, WR Berkley and Markel.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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The reserve includes hull, liabilities and legal expenses.
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The portfolio tracker facility is led by Canopius.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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The move comes amid a restructure of Axa XL’s specialty leadership.
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The executive has also worked for AIG and Ace.
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Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.
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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.
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Alex Nelson will work as head of power and renewable energy at the carrier.
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The carrier is believed to be restructuring the leadership of its London specialty business.
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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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The underwriter has worked for JLT and FM Global.
