AXA’s U.K. operations will finally have a new CEO when Dennis Holt, currently the head of retail banking for Lloyds TSB, takes over as Group Chief Executive on September 1st.
Holt’s selection ends a search for a new CEO which began last February, when Mark Wood left to to become the CEO of Prudential U.K. Holt, who previously headed Lloyds TSB’s general insurance operations, will bring some valuable experience and leadership ability to AXA’s U.K. units, which include Sun Life, AXA Insurance, the U.K.’s third largest p/c insurer, AXA PPP Healthcare and AXA Ireland. New business declined last year and operations have stagnated, in contrast with strong growth in the U.S. and France.
AXA CEO Henri de Castries also announced that Holt would become a member of the company’s executive committee, and that one of his first priorities would be to oversee the integration of the U.K. operations into AXA’s global business strategy.
Was this article valuable?
Here are more articles you may enjoy.
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
Private Jet’s Pilot Reported Turbulence Before Florida Crash 
AIG’s General Insurance Q3 Underwriting Income Down 29% 
