AXA XL Names Colao as Global Chief Underwriting Officer for Cyber

AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber.

Colao will manage aggregate cyber exposure across AXA XL’s products globally. Additionally, he will help develop underwriting standards globally, and drive innovation in the cyber line of business.

Colao most recently served as corporate chief security officer within AXA Group Operations where he oversaw information security, physical security and operational resilience for multiple entities within AXA Group, including AXA XL. Prior to that, he served as chief security officer for AXA UK and Ireland, for nearly a decade, managing cyber security for 15 AXA-owned companies globally.

Colao represents the insurance industry in the Bank of England’s Cross-Market Operational Resilience Cyber Coordination Group and serves on the steering committee of the UK government Financial Services Cyber Coordination Centre, advising on regulation as appropriate. In 2020, he joined the Cyber Coordination Group’s Cloud Security working group and the 3rd party and Supply Chain risk working group.

Based in London, he will report to Libby Benet, the recently promoted global chief underwriting officer for Financial Lines.

Topics Cyber Underwriting AXA XL