Axa XL

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 executive joined from Tokio Marine in 2016.

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.