Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
How AXA Wooed and Won XL Group in $15.3B Takeover Deal
Mar 6 2018 // 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...
XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA
Mar 5 2018 // 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...
France’s AXA to Acquire P/C Insurer XL Group for $15.3 Billion
Mar 4 2018 // AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year’s natural disasters. The French insurer is...
XL Catlin Insurance Taps AXA’s Hanna as Head of Central Broker Management
Mar 2 2018 // XL Catlin’s insurance operations announced it has appointed Elie Hanna as head of Central Broker Management. He reports to Philippe Gouraud, head of Strategic Client and Broker Management, Insurance. Based in London,...
XL Catlin Launches Protect & Assist in Australia
Feb 27 2018 // XL Catlin has launched Protect and Assist, an accident and health insurance solution designed to help Australian businesses protect their people and meet their duty of care in the face of emerging risks and heightened...
XL Catlin Names Thyme as Director of Emerging Markets Development
Feb 22 2018 // XL Catlin has appointed Claudia Thyme to the role of director, Emerging Markets Development. In this role, Thyme will contribute to XL Catlin’s emerging market strategies, with a particular focus on Latin...
AXA Posts Higher-Than-Expected $7.6B Profit, Ahead of U.S. IPO
Feb 22 2018 // French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second...
AXA to Sell Non-Life Operations in Azerbaijan
Feb 21 2018 // AXA announced it had entered into an agreement with Mr. Elkhan Garibli to sell all AXA’s insurance operations in Azerbaijan. Under the terms of the agreement, Garibli would acquire 100% of the non-life entity (AXA...
XL Catlin Names Carpenter’s Xue as CEO/General Manager of XL Insurance (China)
Feb 16 2018 // XL Catlin announced the appointment of Phil Xue as chief executive officer (general manager) of XL Insurance (China) Co. Ltd. The appointment is pending regulatory approval. Xue will also act as country manager for XL...
XL Group’s McGavick Cuts Exposure to Hedge Funds to Boost Investment Yield
Feb 14 2018 // XL Group Ltd., the insurer with about $38 billion of investments, is reducing its exposure to hedge funds, Chief Executive Officer Mike McGavick said. “We still do see some value there, but at this time we’ve...
XL Catlin Promotes Powell to Chief Underwriting Officer for International Financial Lines
Feb 13 2018 // XL Catlin’s insurance operations announced that Tim Powell has been promoted to chief underwriting officer for international financial lines (IFL), effective March 1. Powell will be responsible for the underwriting...
XL Group Attracts Interest from Allianz, Other Rivals as Potential Buyers
Feb 7 2018 // Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially acquiring XL, which had a...
XL Catlin Promotes MacColl as Global Practice Leader for Hull, Succeeding Talbot
Feb 7 2018 // XL Catlin announced the promotion of Mike MacColl to the position of global practice leader for Hull with immediate effect. Previously, MacColl held the role of head of Hull for the UK. MacColl takes on the role from Mike...
XL Catlin Enhances Aviation Insurance Online Platform
Feb 7 2018 // XL Catlin has enhanced its online P&B aviation insurance platform, VB Bind Speed, with added, instant servicing options for brokers. According to Eric Donofrio, North America regional manager of XL Catlin’s...
AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai
Jan 26 2018 // Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030,...
XL Group: Loss Estimates of $45M Related to Southern California Wildfires
Jan 22 2018 // XL Group Ltd. in mid-January announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The...
XL Group: Loss Estimates of $45M Related to Southern California Wildfires
Jan 11 2018 // XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The...
Rosengarten Retires as XL Group’s Enterprise Risk Officer; Norton Named Successor
Jan 5 2018 // XL Group Ltd. announced that Jacob Rosengarten, group chief enterprise risk officer, retired effective Dec. 31, 2017. Fielding (Fid) Norton, who previously held the position of deputy chief enterprise risk officer, has...
XL Catlin Launches Coverage for Marine Contractors
Jan 2 2018 // XL Catlin’s North America has launched a new product from its marine insurance business specifically designed for marine contractors in the U.S. The new XL Catlin’s marine contractor insurance includes...
World Leaders Aim to Breathe New Life into Paris Climate Pact; AXA Plans Initiatives
Dec 11 2017 // French President Emmanuel Macron this week will seek to breathe new life into the fight against global warming and sway debate away from skeptics of the process led by U.S. President Donald Trump. At a series of events in...
