Axa XL

Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.

The underwriter has over a decade of cyber experience and has worked at Axa XL since 2020.

The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.

Hannah Hosking will join from Chubb to lead the strategy across the business, focusing on growth at the higher end of the market segment.

Adam Lait is joining as senior underwriter, marine liability & ports, UK & Lloyd’s after a near-10-year tenure at Marsh.

The syndicate booked a comprehensive loss of £103.7mn for the year as its underwriting profit fell by 90%.

The MGA has $15mn of capacity to underwrite UK public corporations and plans to expand into the US market.

The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.

The carrier also reported a drop in reinsurance revenue, with Axa XL Re reporting revenues of EUR3.2bn, a 27% fall from the year prior.

Stephanie Coxall joined the business in 2012 and progressed to hold several key roles, most recently leading Axa XL’s global learning academy.

According to sources, Daniel O’Connell will join Fidelis MGU as head of bespoke.

Felix Winzap will join the Swiss leadership team following the resignation of Peter Schmidt.