Axa XL
-
It is understood that Salcedo will join Aon as P&C treaty head for Colombia and Ecuador. -
The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda.
-
It is understood the marine reinsurance programme renewed largely flat.
-
The executive replaces Andrew Brooks, who served two consecutive terms.
-
Insurers must avoid being a “blocker” in development and financing decisions.
-
The power market is experiencing double-digit rate reductions.
-
Beazley is one of the key leaders in the London marine marketplace.
-
The carrier has been exploring launching into P&C organically or via acquisition.
-
The carrier is planning a limited relaunch into the UK D&O market.
-
Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
-
The pair hail from Dale Underwriting and Axa XL, respectively.
-
He was appointed CUO of casualty, Americas, in July last year.
-
One of the options being explored is setting up a dedicated company for the wholesale vertical.
-
The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
-
Donna Swillman is currently a senior underwriter at Axa XL.
-
Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
-
This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
-
There has already been an influx of new capacity from MGAs into the power market.
-
The company has recently made several senior changes to its UK and Lloyd’s leadership.
-
AIG leads the all-risks cover and Axa XL is the hull war lead.
-
The claim could add pressure to the hull war market after a recent High Court ruling.
-
The exec said if he were a carrier CEO, now is the time he would start looking for deals.
-
The carrier will focus on mid-market business outside of Lloyd’s.
-
The carrier reported a below-budget cat experience, despite the California wildfires.
-
The Paragon-owned coverholder is known as a specialist in film insurance.
-
Results were impacted by prior year reserving and an unwind of intragroup reinsurance recoveries.
-
Earlier this week, we revealed that Louise Nevill was joining Axa XL as specialty CUO.
-
Nevill has extensive experience in underwriting at Talbot, WR Berkley and Markel.
-
Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
-
The reserve includes hull, liabilities and legal expenses.
-
The portfolio tracker facility is led by Canopius.
-
Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
-
The move comes amid a restructure of Axa XL’s specialty leadership.
-
The executive has also worked for AIG and Ace.
-
Axa XL leads the aviation all-risks reinsurance coverage for the destroyed Jeju Air Boeing 737-800 craft.
-
Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
