Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
People – South Central
Jun 2 2014 // Bill Martin has been elected president of the Combined Agents of America LLC (CAA) for 2014 – 2015. Other members of CAA’s management committee include new Treasurer Pete Bibby, new Second Vice President Mack...
People – East
Jun 2 2014 // XL Group has named Michele Sansone as president of its North America property insurance business and head of its global risk engineering division, XL GAPS. Reporting to Joseph Tocco, chief executive of XL Insurance’s...
XL Adds 4 to East Coast Excess Casualty Teams
May 29 2014 // XL Group has enhanced its excess casualty teams in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New...
Sansone Named President of XL Group’s North America Property Business
May 15 2014 // XL Group has named Michele Sansone as president of its North America property insurance business and head of its global risk engineering division, XL GAPS. Reporting to Joseph Tocco, chief executive of XL Insurance’s...
XL Appoints Allen to Head New Financial Lines Team M&A Division
May 7 2014 // XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions...
XL Group’s Financial Lines Launches M&A Division, Allen to Lead
May 6 2014 // XL Group has added a mergers and acquisitions (M&A) insurance division to its Financial Lines business and appointed Tim Allen to head the business line. The signs for 2014 are that M&A activity is on the rise....
XL Group to Sell Life Re Sub for $570 Million; Best Sees No Rating Change
May 2 2014 // XL Group plc announced that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in...
XL Group Posts $255.7 Million Q1 2014 Net Income; $238.6 Million Operating
May 2 2014 // The XL Group announced from its Dublin, Ireland headquarters that net income for the first quarter of 2014 was $255.7 million, or $0.91 per share, for the quarter on a fully diluted basis, compared to $350.79 million in Q1...
XL Group Opens Reinsurance Operations in Middle East; Adds Staff
Apr 25 2014 // XL Group’s reinsurance segment announced the establishment of new operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business. XL named Mohamad Alali as Senior Executive Officer and...
Chanona joins XL Group as Senior Marine Underwriter in Mexico
Apr 25 2014 // A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In...
ProHost, XL Group Partner on Restaurant Insurance Package
Apr 17 2014 // ProHost USA, a Minneapolis, Minn.-based national program administrator specializing in restaurant insurance for 25 years, announced it is partnering with XL Group to provide packaged insurance coverages for fine dining and...
XL Group Launches K&R Coverage with Crisis Management Advisory Services
Apr 8 2014 // XL Group has launched a kidnap, ransom & extortion (KRE) crisis policy that features a new agreement with risk consultancy, Terra Firma Risk Management LLP. Through the agreement, XL Group’s new KRE coverage is...
AXA Equitable to Pay New York DFS $20M Fine Over Annuity Changes
Mar 18 2014 // New York officials announced AXA Equitable will pay a $20 million fine to the state’s Department of Financial Services (DFS) for violating insurance law related to certain variable annuity products. DFS said its...
XL, American Specialty Insurance & Risk Partner for Sports, Entertainment Programs
Mar 12 2014 // XL Group’s North America Programs business and American Specialty Insurance & Risk Services, Inc., have formed a joint underwriting agreement to offer insurance programs for sports and entertainment...
AXA ART Appoints Kuklinski as New Global CEO
Mar 11 2014 // AXA ART announced the appointment of Kai Kuklinski as the new global CEO of the company’s operations, effective April 1, 2014, succeeding Dr. Ulrich Guntram. The appointment is subject to the approval of the German...
XL Group launches ‘Automotive Recall Plus’ in Germany, Austria, Switzerland
Mar 6 2014 // The global insurance segment of XL Group plc announced the launch of its new product – Automotive Recall Plus – which it described as an “innovative product designed for the automotive supplier industry. It...
XL Group Acquires Global Ag Insurance in Western U.S.
Feb 26 2014 // XL Reinsurance America Inc., a subsidiary of XL Group plc, has acquired Global Ag Insurance Services, a crop insurance provider based in the Western United States. The two companies initially partnered in 2011 to deliver...
XL Group’s Specialty Businesses Launch Luxury Lines Program for Private Clients
Feb 24 2014 // XL Group’s Specialty insurance businesses in North America have teamed up on a new luxury lines to extend their equine, aviation, yacht, fine art, and kidnap, ransom & extortioncoverages to protect high net worth...
AXA Looking for Cheap Deals in Emerging Market Push
Feb 24 2014 // French insurance group AXA is looking for more acquisitions in emerging markets, the company said after posting a 14 percent rise in full-year net income and lifting its dividend by 13 percent. Faced with low interest...
AXA Profit Rises 10% in 2013 on Life, Property and Casualty
Feb 21 2014 // AXA SA, Europe’s second-largest insurer, posted a 10 percent increase in 2013 profit on higher earnings at its life and savings and property and casualty divisions. Net income rose to €4.48 billion ($6.15 billion)...
