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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Vern Suckerman has been named head of US complex accounts while Rachel Rossini has been appointed product manager for cyber and technology E&O.
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Peter Kiernan replaces Simon Penney, who is moving to an analytics role.
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The hires include Melissa Sowa from AXIS, John Birkhofer from Hallmark and Michelle Anderson from Argo.
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In his new position, Brooks will oversee the strategy around Axa’s program partners, reporting to the company's Americas CUO Donna Nadeau.
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The executive replaces Nancy Bewlay, who has moved to run the reinsurance division.
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In a string of appointments, the carrier has also promoted Enrique López Torrents to country manager Iberia.
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Burnett joins Swiss Re from Axa XL, where he worked for over five years as E&S property head.
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Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.
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Based in Washington, DC, Okolski will report to Jeff Abramson, underwriting manager for special risks, PRCB.
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Theresa Schlageter was named head of US Risk Management, Primary Casualty – one of four promotions in the division.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Based in Toronto, Zhou and Lui report to Jennifer Arezes, head of property, construction and energy in Canada.
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The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.
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The executive will continue to be based in Atlanta, Georgia, reporting to design professional’s CUO Douglas Strong.
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In her new role, De Rosa will oversee Axa’s construction and engineering treaty and facultative portfolio and strategy for clients in both the US and international markets.
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Dougherty joined Axa XL in 2017 from Nationwide’s commercial surety team.
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The hires come from Liberty Mutual and Align General, along with an internal transfer.
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Based in São Paulo, Brazil, the executive will oversee the carrier’s aerospace underwriting strategy reporting to Nancy Bewlay, Axa’s global CUO.
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Prior to her promotion, Duhart served as the head of Axa XL’s commercial bonds business.
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The payouts follow the contract that Mapfre signed to pay $984mn to Colombia’s utility EPM.
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The executive appointments are the latest in a series of recent staff changes at the carrier.
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Based in Los Angeles, the executive will lead the insurer’s underwriting operations within the region.
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Supply chain disruptions are impacting material costs and timelines, but the Biden administration’s legislation promises growth.
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Based in Atlanta, he will be responsible for upholding underwriting standards and profitability, implementing strategy and best practices, and maintaining key broker and client relationships.
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Axa XL Insurance continued its reshuffling with the announcement of two new regional management appointments on Wednesday.
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The executive will oversee the newly created cyber incident response team led by claims manager Gwenn Cujdik.
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Nick Pascall becomes the latest senior member of staff to leave the business after a string of recent departures.
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The California-based executive will oversee the underwriting strategy of Axa XL’s commercial E&O business in the region.
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Gittler most recently served as the practice leader and head of cyber claims in the Americas region for Axa XL.
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In his new role, Andy MacFarlane will be in charge of developing Axa’s climate strategy.
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Stephen Clark will also keep his responsibilities as North America hull and liabilities practice leader, a role he has held since 2017.
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The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.
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The executive is transferring from Singapore, where he supported the growth of the cargo and hull book.
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The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.
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Dane Mahoney, who has been with Axa XL since 2013, will lead a team of global risk analysts and develop the global underwriting strategy.
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