Axa XL
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Based in New York, the executive will report to Axa XL CUO Libby Benet. -
Pilko will succeed Joseph Tocco, who is retiring after more than 12 years with the company. He will remain as special adviser for the remainder of the year.
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Having already served in the role in an interim capacity, Hopkinson will now permanently head up the company’s insurance operations north of the border.
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The executive will be responsible for overall performance of the company’s insurance operations in the region and report to Axa XL’s US country manager Matt O’Malley.
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At CNA, the executive managed a $500mn P&L for mid-market business out of New York.
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Inside P&C’s news team runs you through the key highlights of the week.
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Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.
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The French carrier is exploring the spin-off of the XL Re operations via a private sale or stock market listing, according to Reuters.
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At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
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The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.
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The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
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The company elevated Ken Mueller to head of inland marine and Brett Musser to head of marine liabilities for the Americas.
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