Axa

Axa XL names Steven Farr global head of upstream energy

Axa XL has promoted Steven Farr to the role of global head of upstream energy.

Axa XL adds Zurich’s Arezes to Canada property team

Axa XL has hired Jennifer Arezes to grow its Canadian large property insurance business.

Axa XL bolstered by rate gains at half year

Axa XL recorded gross revenues of Eur10.4bn ($11.48bn) for the first six months of the year, representing an increase of 9 percent when compared to the same period in 2018, driven in part by single-digit rate increases in both reinsurance and insurance.

Axa sees H1 profit fall by 17% as derivative losses impact

French (re)insurance conglomerate Axa saw 2019 first half net income fall to Eur2.3bn ($2.54bn), down Eur463mn or 17 percent on H1 2018 after booking charges related to the valuation of its remaining stake in Axa Equitable Holdings and the mark-to-market valuation of derivatives.

Axa XL expands London reinsurance team with trio of appointments

Axa XL has hired Nick Pascall as head of US casualty treaty, Conor Gaffney as head of specialty and promoted Megan Kempe to head of US property to bolster its London reinsurance team.

Axa XL names Hearn CUO for London Market wholesale

Axa XL has promoted Simon Hearn to chief underwriting officer for London Market wholesale.

Axa XL promotes Rastoul to XLICSE CUO

Axa XL has promoted Paul-Henri Rastoul to chief underwriting officer of XL Insurance Company SE (XLICSE), the insurance company platform for XL Group within Europe and Asia.

RSA hires Axa’s Rueegg as it restructures Middle East leadership team

RSA has appointed Martin Rueegg as chief executive of the Middle East and UAE as it reshuffles its senior management team in the region.

Direct Line’s Baker replaces Waks as Axa UK and Ireland CRO

Axa UK and Ireland has appointed David Baker as chief risk officer to replace outgoing CRO Evan Waks, who leaves after 17 years with the insurer.

Blanc’s exit from Zurich result of ‘personality clash’ with Greco: report

The shock departure of Amanda Blanc from Zurich Insurance after less than a year as CEO of Europe, Middle East Africa (EMEA) was informed by differences between her and Group CEO Mario Greco, according to reports.

Axa XL among insurers facing loss from Girard Point refinery fire

The under-pressure downstream energy market could face substantial losses as a result of a massive fire and a series of explosions at Philadelphia Energy Solutions’ (PES) crude oil refinery in Philadelphia, The Insurer can reveal.

CFO and deputy CEO Harlin to retire from Axa

Gérald Harlin, Axa’s group deputy CEO and chief financial officer, is to retire at the end of the year after 29 years at the insurer.

Axa XL hires AIG’s Klepper as short tail insurance CUO

Axa XL has named Robert Klepper – who was most recently AIG’s president of client risk solutions – as chief underwriting officer for short tail insurance lines.

Axa XL bolsters UK client & country management team with EY’s Read

Axa XL has named Christopher Read chief operating officer of UK legal entities as part of a broader executive shake-up within its UK client and country management team.

Axa XL Q1 revenues up 7% driven by 16% P&C insurance growth

Axa XL’s first quarter total revenues increased by 7 percent to Eur6.1bn ($6.8bn), boosted by 16 percent growth for P&C insurance and 4 percent in specialty, offset by a 2 percent drop for reinsurance.

Axa XL adds cyber endorsement with $15mn limit for property clients

Axa XL has introduced a first party cyber insurance option for its US clients that buy 100 percent of their property coverage from the (re)insurer.

Axa XL promotes Catlin’s Wilson to global head of portfolio solutions

Axa XL has promoted Charlotte Wilson to global head of portfolio solutions, with responsibility for developing the carrier’s global strategy for portfolio solutions.

Axa exposed to potential claims from Notre-Dame fire

French insurer Axa has revealed it provided liability cover for two contractors that were working on the renovation of Notre-Dame, and also insured some of its artefacts.

TMK swoops on Axa XL for accident and health duo

Tokio Marine Kiln (TMK) has appointed David Robotham as divisional head of accident and health insurance alongside Paul De Vido as divisional head of accident and health reinsurance.

Axa to leverage XL acquisition to sell SME specialty products

The chief executive of Axa UK and Ireland has revealed the carrier intends to repackage XL specialty products for SME clients, with an immediate focus on cyber.

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