Greg Hendrick News

Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick

AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the group. Gunter was previously senior vice president of Chubb Group and president …

AXA XL Completes Merger of XL Insurance Co. with AXA Corporate Solutions, AXA ART

AXA XL announced it has successfully merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Co. SE (XLICSE). The merger, which was approved by the relevant regulatory authorities including the Central Bank of Ireland and the Irish High …

AXA XL Merges European Teams with Job Losses Expected

AXA XL announced another step in its post-merger integration which is expected to lead to job losses in Europe. AXA XL said it began transferring employees in Europe into a single employing company at the beginning of February and, subject …

AXA XL Transfers XL Insurance from UK to Dublin as Post-Brexit HQ

AXA XL has completed the transfer of its European Union insurance company, XL Insurance Co. SE (XLICSE), from the UK to Dublin, Ireland. XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group, providing insurance within …

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 …

AXA to Complete Acquisition of XL Group Sept. 12

AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd. previously announced on March 5, 2018. The Paris-based global insurer said it expects to close on the acquisition of XL …

New York Approves AXA Acquisition of XL Group

France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on Friday announced it had approved …

AXA, XL Choose Name for Combined P/C, Specialty Operations: ‘AXA XL’

Following the completion of the acquisition of XL Group by AXA SA – expected in the second half of 2018 – the two insurers have chosen the name of the division that will be dedicated to large property/casualty commercial lines …

How AXA Wooed and Won XL Group in $15.3B Takeover Deal

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 gathering of the …

XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA

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 Partners, We wanted to let …