Axa
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The Unfriend Coal organisation called on the (re)insurers to fully phase out exposure to coal by 2040.
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The promotion of Charlotte Wilson follows a series of leadership changes since the September merger.
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David Robotham and Paul De Vido join the carrier after long careers at XL Catlin.
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Axa UK & Ireland CEO Claudio Gienal has identified the company’s IT estate as the single biggest obstacle to corporate simplification.
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Recently arrived CEO Claudio Gienal says the carrier will draw on the cyber expertise of its Axa stablemate. -
The Austrian carrier reserves the right to insure coal risks in exceptional cases in countries where the economy and employment depend on the sector.
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The restructuring is expected to save close to EUR100mn($113.3mn) in reinsurance costs.
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Axa XL was in the headlines yesterday for making up to 7.5 percent of its workforce redundant.
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Lloyd’s syndicates overall accepted 39 percent of in-scope risks electronically, well ahead of the 30 percent target.
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The bank’s role in the Axa-XL fusion helped it secure the number one slot.
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The insurance R&D body’s new recruits include RFIB’s Beard and Lloyd’s data chief Crooks.
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Vasudeva has a remit to simplify Axa’s operations in the British Isles.
