AXA XL News

AXA XL Launches Insurance Policy for Autonomous Vehicles

AXA XL announced the launch of an insurance solution designed to cover the risks associated with autonomous vehicles. The offering will help companies developing or using the technology to better manage and transfer those new and evolving risks. The policy, …

Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick

AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the group. Gunter was previously senior vice president of Chubb Group and president …

AXA Lowers 2020 Profit Guidance for XL Unit

French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the division, as it stepped up measures to reduce exposure to risks stemming from natural disasters that become more frequent. Insurers …

AXA XL Appoints Benet as Global Chief Underwriting Officer for Cyber

To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth Benet to the newly-created role of global chief underwriting officer for Cyber. Benet will help the insurer monitor its cyber risk portfolio and exposure from an aggregated …

AXA XL Completes Merger of XL Insurance Co. with AXA Corporate Solutions, AXA ART

AXA XL announced it has successfully merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Co. SE (XLICSE). The merger, which was approved by the relevant regulatory authorities including the Central Bank of Ireland and the Irish High …

AXA XL Adds Novoa, Delaney to Environmental Insurance Team in New York

AXA XL has welcomed Senior Underwriters Odette Novoa and Erica Delaney to its Environmental insurance team in New York. Both have joined AXA XL’s Northeast regional environmental underwriting team and report to Hiral Shah, head of Environmental for the East …

AXA XL Names AIG’s Wilbanks as Casualty, Environmental Risk Engineering Manager

AXA XL Risk Consulting has appointed has appointed Sheri Wilbanks as its global Casualty & Environmental Lines of Business manager. Wilbanks will be responsible for building a global casualty and environmental risk consulting practice to provide risk management services for …

AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer

AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved coverholder, with operations in the U.K., Europe, India and the Americas. Founded in 2012, Secure Legal Title provides insurance to …

AXA XL Launches Risk Innovation Incubator Called ‘Cube’

AXA XL Insurance launched Cube, a risk innovation incubator, a six-week program designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for their most complex risks. The program comprises …

Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M

Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round. Quantemplate said it plans to use the funding for three main areas, sales and marketing, and platform …