Charles Cooper News

The New Digital Normal and the Future of Work in Reinsurance

It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful scramble to conduct its business digitally at the onset of the COVID-19 crisis. This digital transformation is creating a new …

AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units

AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. Key proposed changes to the operating model include the creation of a single global insurance Underwriting Function and …

AXA XL Buys 100% of New Ocean to Build Alternative Capital Business

AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. Financial details of the transaction were not released. New Ocean is now a wholly owned …

Update: XL Group to Realign P/C Operations with Senior Leadership Team Named

Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of Jan. 1, 2017. The new P/C organizational structure will consist of …