Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
XL Catlin, Nature Conservancy Eye Coastal Wetlands Investments for Storm Mitigation
May 11 2018 // When Hurricane Sandy hit the U.S. East Coast in October 2012, its 80-mile-per-hour winds and the resulting flooding did about $71 billion in damage. After the storm, researchers found that natural coastal ecosystems saved...
XL Catlin’s North America Construction Team Sets up Hub in San Francisco
May 10 2018 // XL Catlin’s North America Construction insurance business has established an underwriting hub in San Francisco, Calif. with the addition of Charles Marmolejo as executive underwriter and relocation of senior...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 10 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
AXA Raises $2.75 Billion in Year’s Biggest IPO
May 9 2018 // U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018’s biggest share sale. Axa Equitable Holdings Inc. sold 137.25 million shares at $20 each on Wednesday to raise $2.75...
XL Catlin’s Goldstein Joins Travelers as Investor Relations Senior VP
May 7 2018 // Abbe Goldstein has joined The Travelers Companies as senior vice president, Investor Relations. Goldstein succeeds Gabriella Nawi, who recently switched to the company’s Personal Insurance finance team. Goldstein...
AXA Wasn’t the Only Party Interested in Acquiring XL
May 4 2018 // According to details revealed in a public filing earlier this week, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA and XL agreed...
AXA Prices IPO of U.S. Division to Help with XL Takeover
Apr 26 2018 // French insurer AXA on Thursday priced the forthcoming initial public offering (IPO) of its U.S. division at $24-27 per share, in a deal that could value the part of the business being listed on the market at $3.5...
XL Catlin Adds Construction, Renovation Endorsement to Property Insurance Program
Apr 12 2018 // XL Catlin has added a Course of Construction (COC) coverage option to its Platinum Property insurance program to help businesses in the U.S. and Canada address construction risks associated with their property expansion...
Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy
Apr 5 2018 // Zurich Insurance Group announced that Gary Shaughnessy will step down from his role as chief executive officer for Europe, Middle East & Africa (EMEA) and as a member of Zurich’s executive committee in the fourth...
XL Catlin Enhances Design Professionals Professional Liability Platform
Apr 4 2018 // XL Catlin has enhanced its online underwriting platform for design professional brokers to offer capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects,...
XL Catlin to Offer Network Modeling, Cyber Risk Scoring Platform Through RedSeal
Mar 28 2018 // XL Catlin and RedSeal have partnered on a new approach to cyber insurance using an objective measurement of a network’s resilience to help underwriters evaluate their clients’ risks over time and help clients...
Sutherland Joins XL Catlin as a North Central Regional Leader in Chicago
Mar 26 2018 // XL Catlin has added Todd Sutherland in Chicago as its new regional leader, US North Central. Sutherland will lead the regional Broker and Client Management team in Chicago, working with XL Catlin brokers and clients...
AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows
Mar 20 2018 // Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. The...
XL Catlin Introduces Brexit Continuity Clause to Address Risk of Loss of EU Passporting
Mar 19 2018 // XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become...
XL Catlin Taps Uhlmann from Zurich to Lead Canada Insurance Business
Mar 12 2018 // XL Catlin has appointed Urs Uhlmann as CEO, country manager for Canada. In his new role, Uhlmann will lead XL Catlin’s regional business strategy and overall insurance operations in Canada. Uhlmann joins XL Catlin...
S&P Places AXA on CreditWatch Negative over Its Plans to Buy XL Group for $15.3B
Mar 7 2018 // S&P Global Ratings placed France’s AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the mega-deal could do to...
How AXA Wooed and Won XL Group in $15.3B Takeover Deal
Mar 6 2018 // AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual...
XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA
Mar 5 2018 // XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that XL has entered into an agreement to be acquired by French insurer AXA. Dear Valued...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion
Mar 4 2018 // AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters. The French insurer is...
XL Catlin Insurance Taps AXA’s Hanna as Head of Central Broker Management
Mar 2 2018 // XL Catlin’s insurance operations announced it has appointed Elie Hanna as head of Central Broker Management. He reports to Philippe Gouraud, head of Strategic Client and Broker Management, Insurance. Based in London,...
