Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley
May 13 2021 // Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart...
Insurer AXA to Stop Paying for Ransomware Crime Payments in France
May 9 2021 // In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. AXA, among...
People Moves: AXA XL’s Powell Joins Zurich Financial Lines; BHSI Transactional Adds Lockton’s Thieviasingham
May 5 2021 // Zurich Insurance Group has appointed Timothy Powell as global head Financial Lines and Cyber, a newly-created role that combines lines of business. Powell joins Zurich from AXA XL, where he most recently served as chief...
People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting
Apr 22 2021 // This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. Lisa Hiscock AXIS Re, the reinsurance...
AXA XL Partners with SpaceAble to Support Operators with Satellites in Low Earth Orbit
Apr 22 2021 // AXA XL Insurance announced it has established a global partnership with SpaceAble, a start-up specializing in space situational awareness (SSA), to better support satellite operators and organizations operating in...
People Moves: Khera Promoted at AXA XL; Liberty Mutual’s Slaughter Replaces Burkinshaw at Apollo; Sompo Hires Zurich’s Goddard
Apr 7 2021 // Sundeep Khera This wrap-up of International People Moves details recent appointments at AXA XL, Apollo Syndicate Management and Sompo International. A summary of these new hires follows. AXA XL has promoted Sundeep Khera...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations
Mar 12 2021 // AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive Officer Rolf...
Legacy Specialist Enstar Provides $2.3B Adverse Development Cover for AXA XL
Feb 25 2021 // Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar’s subsidiary will cover...
AXA Reports 18% Drop in Net Income During 2020 with COVID Claims of $1.8 Billion
Feb 25 2021 // AXA reported net income of €3.16 billion (US$3.8 billion) during 2020, an 18% drop from €3.86 billion (US$4.7 billion) in full-year 2019. The combined ratio for AXA’s P/C business increased 3.2 points to 99.5%,...
AXA, Other Mega-Investors Seek to Avoid Portfolios with Global Warming Potential
Feb 24 2021 // All good money managers expect to outperform their benchmark, and by one such metric the French insurer and investor AXA SA recently scored a market-beating success. Not by delivering higher returns, but by generating a...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
AXA XL Names O’Malley as U.S. Country Manager
Feb 16 2021 // AXA XL has appointed Matthew V. O’Malley as U.S. Country manager. In October 2020, AXA XL launched a new operating model which included a new zone structure in the U.S. In the new structure, O’Malley was...
In Succession Move, Canopius Names AXA XL’s Robertson Deputy CEO
Feb 11 2021 // Specialty insurer and reinsurer Canopius Group announce that Neil Robertson has been appointed Group deputy chief executive officer, with effect from May 4, 2021. In this capacity, Robertson will report to Michael Watson,...
AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects
Feb 3 2021 // AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients. Mass timber building materials, which includes cross laminated...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
Jan 28 2021 // AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA...
AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million
Jan 20 2021 // HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with...
Hamilton Appoints AXA XL’s Scully as Head of Casualty Insurance in Bermuda
Jan 19 2021 // Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd. Scully will report to Tim Duffin, chief underwriting...
AXA XL Names Musser Central US Zonal Marine Product Leader
Jan 14 2021 // Brett Musser has joined AXA XL as the Central US Zonal Marine product leader. Based in Chicago, Musser will also serve as marine liabilities product manager, focused on developing tailored insurance solutions for...
Generali to Purchase AXA’s Greek Operations for $203 Million
Jan 4 2021 // Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 million euros ($203...
