Latest AXA XL Headlines
All the headlines from our AXA XL Topic Page, ordered by recency.
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Dec 4 2017 // Woodruff-Sawyer & Co. has named Brendan Williams its Southern California practice leader. Williams will be assuming leadership of the Southern California region in early 2018 upon the retirement of Ron Packouz, founder...
XL Catlin Taps Coladon from The Guarantee as Fine Art & Specie U/W in Canada
Nov 20 2017 // XL Catlin has appointed Farzina Coladon as underwriter, fine art and specie (FAS) in Canada. Coladon is responsible for underwriting fine art, jewelers block and general specie insurance across Canada. Based in Toronto,...
France’s AXA to Focus on M&A in 16 Countries; Eyes Sale of Some Non-Core Assets
Nov 14 2017 // French insurer AXA will narrow its acquisition focus to 16 key countries and could sell some assets in markets where it lacks scale, its executives said on Tuesday. “We want to focus on fewer countries. We want to...
AXA Simplifies Structure with 5 Geographies; New Management Committee Formed
Nov 14 2017 // AXA Group announced it is simplifying its operating model by creating five global geographies: France, Europe, the U.S., Asia, and International. In addition, it has created a single, refocused Corporate Center, which is...
XL Catlin Names Chubb’s Konczal Assistant Vice President in California
Nov 2 2017 // XL Catlin’s Global Excess Casualty has named Joel J. Konczal as assistant vice president and underwriting manager for Northwest excess casualty. He will be based in San Francisco, Calif. and report to Matthew...
Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain
Oct 30 2017 // Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona. Their appointments follow the...
XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines
Oct 27 2017 // XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible...
XL Group Q3 Reports Losses in Excess of $1B on Hurricanes Harvey, Irma, Maria
Oct 25 2017 // XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming Hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 per fully diluted share,...
Insurers Weigh Premium Hikes for UK’s Tall Buildings After Grenfell Tower Fire
Oct 23 2017 // Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries...
AXA Rebuffs Suitors Eyeing Its Asset Management Arm
Oct 13 2017 // French insurer AXA has been approached by a number of players interested in doing a deal with its asset management arm, but continues to regard the business as a strategic asset, the unit’s chief executive said in an...
XL Group Estimates $1.48B in Q3 Natural Catastrophe Losses
Oct 12 2017 // XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes. Included within that figure is $1.33 billion in losses relating to Hurricanes Harvey,...
XL Catlin’s Accelerate Partners with UK Artificial Intelligence Startup Cytora
Oct 2 2017 // XL Catlin’s internal innovation team, Accelerate, announced it is working with Cytora, a UK-based insurtech startup that uses artificial intelligence (AI) and open source data to improve the way insurers quantify,...
XL Catlin in Iberia Taps Marsh’s Herrero as Head of Political Risk, Credit & Bond
Sep 22 2017 // XL Catlin’s insurance operation in Iberia announced new local underwriting capabilities with the appointment of Santiago Herrero as head of Political Risk, Credit & Bond (PRCB) – Iberia. Herrero will be...
AXA Continues Search for Fund Management Partner
Sep 21 2017 // AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion) of assets under management, sources familiar with...
XL Catlin Adds EPLI, Cyber Coverage for Design Professionals in Canada
Sep 20 2017 // XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada: employment practices liability (EPL) Insurance and cyber insurance...
XL Group Picks Dublin for Post-Brexit EU Headquarters
Sep 20 2017 // XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer...
XL Catlin Adds Technology, Excess D&O Coverage for Design Professionals
Aug 31 2017 // XL Catlin has added two new enhancements to its professional liability insurance for architects, engineers and other design professionals in the US, including an expanded professional services definition and Principal...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders
Aug 30 2017 // Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer...
XL Catlin Taps Willis Towers Watson’s Piper as UK Client & Distribution Director
Aug 18 2017 // XL Catlin announced the appointment of Louise Piper as UK Client and Distribution director, effective Sept. 1, 2017. In this role, Piper will be responsible for working with brokers and clients to ensure that XL Catlin...
XL Catlin’s Bongi Moves to Brit Global Specialty USA to Launch Professional Lines
Aug 15 2017 // Brit Ltd. has appointed Tom Bongi as executive vice president of Professional Lines at Brit Global Specialty USA. Bongi is responsible for establishing and developing Brit’s Professional Lines portfolio in the U.S....
