Latest AXA XL Headlines

All the headlines from our AXA XL Topic Page, ordered by recency.

University Insured Chinese Student Tuition Revenue Against Virus. Then COVID-19 Hit.

Aug 17 2020 // After becoming dean of the University of Illinois business school in 2015, Jeffrey Brown worried that politics or a virus would choke off a major source of revenue for his school: Chinese graduate students.So, in 2017,...

AXA Weighs $177 Million Sale of Greek Business to Generali

Aug 14 2020 // AXA SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA, according to people familiar with the matter, as part of its plans to ditch business lines deemed surplus to requirements.The...

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

Aug 10 2020 // AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter.The French insurer is working with an adviser on the potential...

Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks

Aug 6 2020 // AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic.The French insurer saw net income fall 39%...

Aon’s Reinsurance Solutions Taps Turner from AXA XL to Lead UK Property Team

Aug 4 2020 // The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard Evans of its UK & Ireland and Specialty Casualty business.Turner will report to Peter...

AXA XL Presents New Leadership Team for Americas

Jul 27 2020 // As part of the proposed changes to its insurance operating model announced in April, AXA XL has appointed its new Americas leadership team, reporting to Joe Tocco, chief executive officer for the Americas.The appointments...

AXA XL Announces Leadership Team for UK & Lloyd’s Region

Jul 27 2020 // AXA XL announced the new leadership team for its UK & Lloyd’s region. Effective immediately, the appointments are part of the proposed changes to the operating model of AXA XL’s Insurance business following...

AXA Investment Managers Sets 33% Gender Diversity Target on Company Boards

Jul 9 2020 // AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark.The asset management unit of French insurer AXA...

AXA XL Names McGovern as CEO UK & Lloyd’s Market

Jul 8 2020 // AXA XL announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market, subject to regulatory approval.McGovern had been performing the role on an interim basis for some months and has now been...

AXA XL’s Mackie Joins Liberty Mutual Re to Head U.S. Property Business

Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...

Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses

Jun 19 2020 // Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for...

Munich Re Syndicate Taps McAdams from AXA XL as Head of Marine

Jun 18 2020 // Rob McAdams will be joining the Munich Re Syndicate as head of Marine. Based in London, he will oversee the global syndicate’s marine portfolio and help drive the underwriting business across cargo, fine art &...

AXA XL Taps Clarke from WTW, Generali’s Warke for UK Broker Management Team

Jun 17 2020 // AXA XL announced two additions to its UK broker management team: Michael Clarke has been appointed Regional Broker Distribution leader while Robyn Warke has been named Broker Distribution leader.As Regional Broker...

Charles Taylor Taps Former AXA Executive Brown as Group CEO

Jun 16 2020 // Charles Taylor, the London-based provider of services and technology solutions to the global insurance market, has appointed Rob Brown as group chief executive officer.With more than three decades of industry experience,...

AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts

Jun 4 2020 // French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told...

Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source

Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...

French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact

Jun 3 2020 // French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic.AXA added that it could consider...

AXA XL Construction Ecosystem Platform Offers Risk Insights for Contractors

Jun 2 2020 // AXA XL’s North America Construction insurance business is launching the Construction Ecosystem, a digital platform that aggregates data to provide AXA XL’s contractor clients with insights to help manage risks...

Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter

May 26 2020 // Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020.He reports to Claudio Saita, head of Australia & Pacific, and is based in the company’s Sydney...

Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling

May 26 2020 // A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by the virus pandemic. AXA had argued its policy did not cover business disruption caused by the health...