Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
XL Catlin Adds Gardenhire as Underwriter in Dallas
May 18 2018 // XL Catlin has added Jason Gardenhire as underwriter to its regional US War, Terrorism & Political Violence insurance team. He is based in Dallas. Gardenhire will lead XL Catlin’s Terrorism and Political Violence...
XL Catlin Launches Injury, Security Coverage for Visitor Attractions in UK, Ireland
May 17 2018 // XL Catlin has launched Leisure Protect – an insurance package aimed at the mid to large visitor attraction sector. The coverage offers assistance as a result of a catastrophic injury and against a range of security...
XL Catlin Shares Executive Changes, Exits in Preparation for AXA Takeover
May 15 2018 // XL Group has announced management changes and departures in anticipation of the planned acquisition of XL by AXA. French insurer AXA SA has agreed to buy XL Group Ltd. for $15.3 billion in cash in a bid to capture a bigger...
AXA Says Funding to Buy XL Group Is All Set
May 14 2018 // AXA said on Monday it had secured financing for the 12.4 billion euros ($14.9 billion) acquisition of XL Group and was not dependent on the issuance of any additional debt following the flotation of part of its U.S. unit,...
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...
