Markets/Coverages: AXA XL Starts Prevention-Focused Business Unit; Markel Adds New Media, Entertainment Offerings

AXA XL announced the creation of a new Business Unit dedicated to prevention. The new unit, led by Global Chief Underwriting Officer Libby Benet, will accelerate the development and reach of AXA XL’s risk consulting capabilities and prevention services.

The Business Unit will combine advanced data, analytics and technology with AXA XL’s risk engineering and advisory expertise to deliver innovative solutions to help businesses address today’s most pressing risks, including climate, supply chain disruption, cyber threats and operational resilience.

AXA’s 2025 Future Risks Report highlights prevention as a critical strategy for the future, with 86% of experts agreeing that the most concerning risks could be at least partially avoided through preventive measures. As risks become more complex and interconnected, prevention is becoming a key lever to help businesses better anticipate and manage their exposures.

“Prevention must be at the heart of how we support our clients,” CEO Scott Gunter. “That is why we are making services a core part of our offering. The launch of this business unit marks an important step. By expanding our services capabilities, we are strengthening how we support our clients and positioning AXA XL for the future.

Benet joined AXA XL in 2020 as chief underwriting officer for cyber, before being appointed to her current role in 2022.

Markel Expands Professional Liability Offerings

Markel, the insurance operations within Markel Group Inc., said it has expanded its professional liability offerings for insurance protection against fast-evolving creative, digital and professional risks.

Markel’s enhanced ProSolutions portfolio, a suite of professional liability products designed for specialized risks, now includes:

• A new combined policy that brings professional liability, cyber, media liability and general liability coverages into a single policy.
• New Media Shield and Entertainment Shield product options designed for qualified content creators, media professionals and entertainment‑focused businesses.

Media liability insurance is no longer limited to traditional media companies. Content creators, creative professionals, digital and social media managers, public figures and third‑party endorsers all face increased exposure as online and social platforms continue to grow. Markel’s expanded ProSolutions offering is designed to help customers address these evolving risks with broader, more flexible coverage options.

Designed to simplify coverage placement, the new blended ProSolutions form allows customers to consolidate multiple coverage needs into a single policy.

Topics Commercial Lines New Markets Business Insurance AXA XL