Axa
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A roundup of all the news you need today, including Enstar EU’s new CEO. -
Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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Axa XL’s product recall team was depleted after two senior underwriters resigned in January.
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Combined ratios have improved as prices rise and investments return to profit.
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Alexander Baker was a senior PV, war and terrorism underwriter at Axa XL.
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All three carriers also announced increased dividends.
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In one deal, JC Flowers-backed broker Oneglobal and Insuterch Floodbase announced a partnership to develop parametric flood insurance across Asia.
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The segment benefited from strong demand and disciplined pricing.
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Climate change is still the number one area of concern, a study found.
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The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.
