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The executive was previously CEO of the group’s North America unit. -
The broker will report to EMEA property fac head Connor Halliday.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Reserves are likely to be set following initial court rulings this year.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
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The reinsurer is buying out China Minsheng affiliate at year-end.
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Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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The broker said demand grew more slowly than reinsurer appetite.
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The programme was developed in collaboration with Allianz Commercial.
