AXA XL reveals new management team

AXA XL has revealed its new senior management line-up, along with plans to develop its insurance business operating model -- key to which is the creation of a single global insurance underwriting function and the establishment of three geographical units across the Americas, Eurasia, and the UK & Lloyd’s Market.

The underwriting function will be led by a global chief underwriting officer who will be responsible for underwriting governance, pricing, P&L and the management of the global heads of business lines. The three geographical business units will be led by CEOs, responsible for the balance sheets of their geographies and managing talent.

Subject to consultation with employee representative bodies, the new leadership team incluldes:

Nancy Bewlay, CUO
Joseph Tocco, CEO, Americas
Scott Gunter, interim CEO, Eurasia
Sean McGovern, interim CEO, UK & Lloyd’s market & general counsel
Charles Cooper, CEO, Reinsurance
Brent Hoffman, CCO
Karen le Duc, chief human resources officer
Matthieu Caillat, COO
Noel Richardson, CRO
Rainer Schoellhammer, CFO

Scott Gunter, AXA XL CEO, said: "AXA XL is the result of acquisitions and mergers and with our increased scale, now is the time to optimise our structure by striking the right balance between local and global decision making so we remain agile and flexible.

"I have spent my first 60 days as CEO considering our priorities and our structure and assembling the right team to drive AXA XL forward. We want to continue to serve our clients and brokers to the very best of our ability while being a simpler organisation to navigate. The regional structure would mean decisions can be made faster in country, while the global functions would mean our clients and brokers continue to benefit from our global expertise and experience.

"This leadership team is an international, highly experienced team of individuals: around half the team have a background at legacy XL Catlin, while the other half bring diverse and valuable experience from across the AXA Group."

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