Axa XL

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.

The carrier is planning a limited relaunch into the UK D&O market.

Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.

The pair hail from Dale Underwriting and Axa XL, respectively.

He was appointed CUO of casualty, Americas, in July last year. 

One of the options being explored is setting up a dedicated company for the wholesale vertical.

The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.

Donna Swillman is currently a senior underwriter at Axa XL.

Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.

This publication revealed yesterday that Sompo is currently in negotiations with Aspen.

There has already been an influx of new capacity from MGAs into the power market.

The company has recently made several senior changes to its UK and Lloyd’s leadership.

AIG leads the all-risks cover and Axa XL is the hull war lead.

The claim could add pressure to the hull war market after a recent High Court ruling.

The exec said if he were a carrier CEO, now is the time he would start looking for deals.

The carrier will focus on mid-market business outside of Lloyd’s.

The carrier reported a below-budget cat experience, despite the California wildfires.

The Paragon-owned coverholder is known as a specialist in film insurance.

Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.

Earlier this week, we revealed that Louise Nevill was joining Axa XL as specialty CUO.

Nevill has extensive experience in underwriting at Talbot, WR Berkley and Markel.

Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.

The reserve includes hull, liabilities and legal expenses.

The portfolio tracker facility is led by Canopius.

Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.

The move comes amid a restructure of Axa XL’s specialty leadership.

The executive has also worked for AIG and Ace.

Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.

Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.

Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.

Alex Nelson will work as head of power and renewable energy at the carrier.

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.

Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.

The underwriter has worked for JLT and FM Global.

Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.

At group level, Axa’s underlying earnings improved by 4% to EUR4.2bn.

The appointment is part of a reorganization of the Americas business.

The marine expert has worked for Axa XL and Catlin for most of his career.

Axa XL has also added Fidelis’ Jamie Cann to its aviation team.

The underwriter will head up casualty reinsurance for the US and elsewhere.

Michael Yeats will now lead the automatic reinsurance facilities division in the US.

Axa XL’s premium grew 6% as pricing improved.

He was previously head of underwriting management and deputy CUO for Axa XL’s marine segment.

Kelly was recently appointed to head up the product recall book at Axa XL.

He will also step down as ABIC chairman.

The LMG chair also discussed the need for tailored regulations.

Paul Thomas was also appointed head of sports, media and entertainment.

The P&C segment reported a 71% increase in underlying earnings.

The company provides reinsurance to insurers in LatAm and the Caribbean.

Duties will include setting strategic direction in marine, aerospace, and specialty niche lines.

The appointment follows the resignations of Shaun Russ and Ian Davidson.

The resignations will see Russ and Davidson reunited with fellow Axa XL alumnus Mark Hutton, who joined Tokio Marine HCC as head of crisis management last year.

Ashwell is widely regarded as one of the architects of the standalone terrorism market that emerged after 9/11.

The carrier is targeting the line of business as part of a wider strategic push in international insurance.

Mike Gosselin steps into the role vacated by Luis Prato, who left the carrier earlier this year to join LSM.

Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.

It is understood that Hutton has resigned from his previous role as global product head of product recall at Axa XL after six years with the carrier.

Sources voiced some disappointment in the rate reduction but acknowledged the improved loss record of the contract.

Adias Gerbaud will be responsible for developing underwriting strategies, optimising product offerings and driving profitability for Axa XL in Europe, Asia and Australia.

At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.

Based in New York, the executive will report to Axa XL CUO Libby Benet.

Demand for specialty commercial insurance in Australia has been increasing, driven in part by the growth of the digital economy alongside traditional industries.

Hayzelden has been charged with leading the firm's upstream energy team, covering both offshore oil and gas and offshore renewable wind risks.

It was reported last month that Axa was believed to be preparing for a sale of Axa XL Re.

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.