Operations/tech

Underwriters look to avoid the costly option of setting up an EEA service company to use the platform.

After years of poor performance and talent flight, Insurance Insider examines the challenges faced by Axa XL and the strengths it holds to forge a new start.

The carrier joins Liberty Specialty Markets Bermuda on the platform.

The promotion follows yesterday’s news that the outgoing active underwriter is moving to a role with Liberty Mutual Re.

Credit Agricole served as the debt arranger, with Sompo Japan and Aioi Nissay Dowa Insurance acting as insurers.

The mid-market PE firm turns its attention to niche insurance distribution after increasing the valuation of insurance services company Davies Group by a reported 13-fold in four years.

The appointment comes after the departure of its Netherlands-based team and Sophie Irvine in the UK.

The carrier has been replenishing its team following departures last year.

Gerald McDowell will step down from his role after nearly 16 years with the business.

Masaki Maeda, a claims director at JV partner Tokio Marine & Nichido Fire, will lead the operation.

The global natural resources director said “walking away” from risks was unhelpful and a “policy of engagement” was needed.

The MGA launched in the A&H market last year amid a buildout into specialty classes.