Axa XL
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This is the second recent deal in the US crop sector after the $240mn AIG-AFG transaction.
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The company provides reinsurance to insurers in LatAm and the Caribbean.
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Duties will include setting strategic direction in marine, aerospace, and specialty niche lines.
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Laura Johnson most recently served as head of E&S primary casualty.
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She has over 15 years’ experience managing PL and cyber portfolios.
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John Schwirtz will report to Matt Waters, head of Axa XL's US mid-market business, and build out a mid-market underwriting team.
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Based in New York, the executive will report to Axa XL CUO Libby Benet.
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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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The insurer plans to launch a mid-market-focused division in July, offering workers' comp, commercial auto, GL, property and umbrella coverages.
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Casey Santangelo joins has head of fine art & specie across the Americas.
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The firm hired Jonathan Lacorazza from CNA, Carol Warfel from AGCS and Cy Villarosa from Great American.
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Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
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Based in Exton, Pennsylvania, Baron reports to Axa XL head of construction primary casualty Michael McKinley.
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Prior to her promotion, Kareen Richardson was a vice president, senior underwriter, in Axa XL’s excess casualty team.
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The executive joins from Purves Redmon Limited, and brings more than 30 years of industry experience.
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Axa XL has promoted Michael McKinley to senior vice president and primary casualty practice leader within its North America construction division.
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Last month, Axa XL appointed Mark Twite as CEO for its Bermuda reinsurance operations.
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Prior to his new role, Mark Twite served as global head of reinsurance finance at Axa XL.
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Before his stint at Axa XL, Bryan Stevenson worked for five years at Old Republic’s construction practice as SVP.
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In their new positions, the executives will report to Chris Kopser, Axa’s president and CUO of primary casualty, Americas.
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Based in Toronto, the executive’s main role will be strengthening and building relationships with Canadian clients and their brokers.
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The company expanded its cyber team in LA with senior underwriter Marisa Vero and in Minnesota with underwriter Hanna Baker.
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Michael Perrotti will assume the CUO role from Anne Marie Elder, who will focus on her role as global CUO for the company’s marine business.
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Lee, who joined Axa XL in 2013, will be responsible for underwriting management of the E&S property business.
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Waters comes to the company from Liberty Mutual, bringing more than 20 years of middle market underwriting management experience.
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