Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources
Aug 18 2016 // Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to...
AXA to Sell Its Romanian Life & Savings Operations to Vienna Insurance Group
Aug 4 2016 // AXA said it has entered into an agreement with Vienna Insurance Group to sell its life & savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group...
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership
Jul 29 2016 // AXA, Alibaba and Ant Financial Services have formed a global strategic partnership to explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce platforms. The...
XL Group Completes Relocation of Domicile to Bermuda
Jul 27 2016 // XL Group Ltd. announced it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company...
XL Catlin Opens Unit in Africa to Write Facultative and Treaty Reinsurance
Jul 19 2016 // XL Catlin has established a new Reinsurance Unit focused on providing facultative and treaty reinsurance across Africa. Leading the team is Alex St James who has been appointed as head of Africa for XL Catlin’s...
Allianz Names XL Catlin’s Posner Senior Underwriter for Terrorism Insurance in North America
Jul 14 2016 // Allianz Global Corporate & Specialty (AGCS) reported that Adam Posner has been named senior underwriter for Terrorism & Political Violence insurance. Posner will be based in New York and he will report directly to...
AXA to Sell Serbian P/C and Life & Savings Units to Vienna Insurance
Jul 7 2016 // AXA announced it has entered into an agreement with Vienna Insurance Group to sell both its Life & Savings and Property & Casualty operations in Serbia and exit the Serbian market. Under the terms of the agreement,...
XL Catlin Adds Levesque as Sr. Underwriter for Marine Business in Chicago
Jul 1 2016 // Janelle Levesque has joined XL Catlin as a senior marine underwriter. She is based in Chicago. Levesque is responsible for inland marine business in the Midwest region, which includes Illinois, Wisconsin, Michigan, Ohio,...
XL Catlin Marine Business Unit Adds 3 in San Francisco
Jul 1 2016 // XL Catlin hired Frank Basich as senior member of the XL Catlin marine underwriting team in San Francisco. Basich is responsible for inland marine business in the western states, exercising his 25-plus years of experience...
Langenegger Joins XL Catlin in Dallas
Jul 1 2016 // Shawn Langenegger has joined XL Catlin’s marine business unit in Dallas. He has 13 years of industry experience and joins from Allianz Global Corporate where he was inland marine team leader for the New Orleans,...
MEMIC Names XL Catlin’s Gonnella VP of Claims for Atlantic, Northeast
Jun 29 2016 // Workers’ compensation insurer The MEMIC Group has appointed Gus Gonnella to the position of vice president of Claims for the Atlantic and Northeast regions. In his more than 23 years of experience in the insurance...
XL Group’s Shareholders Approve Move to Bermuda from Ireland
Jun 24 2016 // XL Group plc announced that its ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland, which is expected to...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
AXA Plans $2.4B in Cost Cuts by 2020; Acquisitions Eyed for Growth
Jun 21 2016 // AXA SA, France’s largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for policies protecting...
XL Catlin Launches Wholesale Contractors’ Pollution, Professional Coverage
Jun 15 2016 // XL Catlin’s North America Environmental insurance business has introduced a new wholesale pollution and professional insurance policy designed to help U.S. trade contractors address their contractual obligations to...
AXA’s CEO de Castries Predicts ‘Extremely High’ Probability of ‘Brexit’
Jun 14 2016 // There is an “extremely high” probability that the U.K. will vote to leave the European Union and investors will face “a true landscape of uncertainties,” AXA SA Chief Executive Officer Henri de...
XL Catlin Names Haynes as Senior U/W, International Casualty, Asia
Jun 13 2016 // XL Catlin has appointed Lloyd Haynes as senior underwriter, International Casualty, covering the Asia Pacific market, based in Singapore. Haynes has worked in the insurance industry for more than 10 years. He joins XL...
XL Catlin Names Chubb’s Oh as President of E&S Business in U.S.
Jun 13 2016 // XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business. As president of XL Catlin’s multi-line E&S operation in the U.S., he will direct regional underwriting operations,...
XL Catlin Launches Team to Focus on Alternative Risk Transfer Products
Jun 9 2016 // XL Catlin’s insurance operations has launched a new team to focus on alternative risk transfer and non-traditional insurance globally. The team, named Structured Risk Solutions (SRS), is a dedicated global...
