AXA

AXA XL promotes Michael Perrotti to Chief Underwriting Officer for Marine in the Americas

Retrieved on: 
Tuesday, August 16, 2022 - 2:30pm

NEW YORK, Aug. 16, 2022 /PRNewswire/ -- AXA XL Insurance has promoted Michael Perrotti to the role of Chief Underwriting Officer (CUO) for its Marine insurance business in the Americas.

Key Points: 
  • NEW YORK, Aug. 16, 2022 /PRNewswire/ -- AXA XL Insurance has promoted Michael Perrotti to the role of Chief Underwriting Officer (CUO) for its Marine insurance business in the Americas.
  • Previously Inland Marine Practice Leader for Marine in North America, Mr. Perrotti assumes the CUO role from Anne Marie Elder who will now focus on her role as Global Chief Underwriting Officer for AXA XL's marine business worldwide.
  • Reporting to Donna Nadeau, AXA XL's Chief Underwriting Officer for the Americas, in his new role, Mr. Perrotti oversees all underwriting activities and portfolio management throughout the U.S., Canada and Bermuda for AXA XL's marine insurance products including Inland Marine, Ocean Cargo, Blue and Brown Water Hull, P&I, as well as Excess and Primary Marine Liabilities.
  • Since joining AXA XL in 2011, Mr. Perrotti has managed the profitable growth and expansion of the company's Inland Marine business.

Egnyte AEC Data Insights Report Shows Rapid Increase in Data Storage and Signals Potential Challenges

Retrieved on: 
Monday, August 15, 2022 - 2:00pm

MOUNTAIN VIEW, Calif., Aug. 15, 2022 /PRNewswire-PRWeb/ -- Egnyte, the most secure platform for content collaboration and governance, today released its AEC Data Insights Report. The study is based on an analysis of data trends among more than 3,000 customers in the Architecture, Engineering, and Construction (AEC) industry, which has experienced exploding growth in data volume and usage. On average, Egnyte's AEC customers increased storage by 31.2 percent compound annual growth rate (CAGR) from 2017 to 2021.

Key Points: 
  • MOUNTAIN VIEW, Calif., Aug. 15, 2022 /PRNewswire-PRWeb/ -- Egnyte , the most secure platform for content collaboration and governance, today released its AEC Data Insights Report .
  • According to the report, the typical AEC firm manages 149 percent (2.49x) more files than the cross-industry average.
  • Egnyte's AEC Data Insights Report also identifies the following key trends:
    Data sprawl is a growing challenge.
  • Egnyte flagged a staggering growth of 'high-severity' data issues from Q4 2020 to Q4 2021, a 325% increase across all AEC domains.

Merit Life Insurance Expands Leadership Team With Prudential and Equitable Veterans Joining C-Suite

Retrieved on: 
Tuesday, August 9, 2022 - 2:10pm

Merit Life Insurance Co. (Merit), the next generation annuity provider, announced today that retirement industry veterans Martin Woll and Cliff Merrill, CFA, have joined the firms C-Suite.

Key Points: 
  • Merit Life Insurance Co. (Merit), the next generation annuity provider, announced today that retirement industry veterans Martin Woll and Cliff Merrill, CFA, have joined the firms C-Suite.
  • We are extremely excited that Martin and Cliff joined our leadership team to help us fulfill our mission.
  • Prior to joining Merit, Mr. Merrill spent 16 years at Prudential Financial in various investment and distribution roles.
  • Merit also announced several steps to help position the insurance company for growth as it plans to introduce new retirement income solutions.

AXA XL strengthens War, Terrorism and Political Violence Underwriting with key appointment in California

Retrieved on: 
Thursday, August 4, 2022 - 7:00pm

LOS ANGELES, Aug. 4, 2022 /PRNewswire/ -- AXA XL has appointed Greg Johnson as lead Underwriter for War, Terrorism and Political Violence (WTPV) business for the Western Region of the US.

Key Points: 
  • LOS ANGELES, Aug. 4, 2022 /PRNewswire/ -- AXA XL has appointed Greg Johnson as lead Underwriter for War, Terrorism and Political Violence (WTPV) business for the Western Region of the US.
  • Greg is an expert in his field and brings a unique underwriting perspective that further complements our capabilities."
  • AXA XL's offers worldwide insurance for assets that are exposed to war, terrorism and political violence attacks.
  • To learn more, visit www.axaxl.com
    1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting.

Topia Acquires Pearl Global Tech, Bringing the Leading Immigration Risk Engine and Knowledge Base to its Global Talent Mobility Platform

Retrieved on: 
Thursday, August 4, 2022 - 2:03pm

SAN FRANCISCO, Aug. 4, 2022 /PRNewswire/ -- T opia , the leader in Global Talent Mobility, today announced the acquisition of Pearl Global Tech , the leading independent immigration risk engine and knowledge base.

Key Points: 
  • SAN FRANCISCO, Aug. 4, 2022 /PRNewswire/ -- T opia , the leader in Global Talent Mobility, today announced the acquisition of Pearl Global Tech , the leading independent immigration risk engine and knowledge base.
  • In addition to the 60-second Permiso Assessment tool, the embedded global immigration knowledge base is the go-to source for immigration information.
  • The Topia platform automates the entire global talent mobility process, including scenario-based planning, expat payroll, tax and immigration compliance, reporting and more.
  • Topia powers global talent mobility programs for world-renowned brands such as Schneider Electric, Dell, Veolia, Equinor and AXA.

AXA UK&I Selects Cognizant as a Technology Partner to Support part of its IT Operations

Retrieved on: 
Wednesday, August 3, 2022 - 9:18pm

LONDON, Aug. 3, 2022 /PRNewswire/ -- Cognizant today announced that it has been selected by AXA UK & Ireland as a technology partner to help consolidate, modernize and manage part of its IT operations. AXA UK & Ireland is transforming its technology ecosystem to create a more digitally-enabled, modern and agile IT environment that is data-rich, secure and sustainable with lower overall cost.

Key Points: 
  • LONDON, Aug. 3, 2022 /PRNewswire/ -- Cognizant today announced that it has been selected by AXA UK & Ireland as a technology partner to help consolidate, modernize and manage part of its IT operations.
  • AXA UK & Ireland is transforming its technology ecosystem to create a more digitally-enabled, modern and agile IT environment that is data-rich, secure and sustainable with lower overall cost.
  • Cognizant will provideintegrated IT services spanning service desk support and maintenance, end-user computing, application development and maintenance, cloud operations, and IT infrastructure management.
  • "We're honored to have been selected by AXA UK & Ireland to help transform their legacy environment and to support them in enabling technology to achieve better business outcomes.

AXA UK&I Selects Cognizant as a Technology Partner to Support part of its IT Operations

Retrieved on: 
Wednesday, August 3, 2022 - 9:00pm

LONDON, Aug. 3, 2022 /PRNewswire/ -- Cognizant today announced that it has been selected by AXA UK & Ireland as a technology partner to help consolidate, modernize and manage part of its IT operations. AXA UK & Ireland is transforming its technology ecosystem to create a more digitally-enabled, modern and agile IT environment that is data-rich, secure and sustainable with lower overall cost.

Key Points: 
  • LONDON, Aug. 3, 2022 /PRNewswire/ -- Cognizant today announced that it has been selected by AXA UK & Ireland as a technology partner to help consolidate, modernize and manage part of its IT operations.
  • AXA UK & Ireland is transforming its technology ecosystem to create a more digitally-enabled, modern and agile IT environment that is data-rich, secure and sustainable with lower overall cost.
  • Cognizant will provideintegrated IT services spanning service desk support and maintenance, end-user computing, application development and maintenance, cloud operations, and IT infrastructure management.
  • "We're honored to have been selected by AXA UK & Ireland to help transform their legacy environment and to support them in enabling technology to achieve better business outcomes.

AXA XL promotes Chris Lee to Head of E&S property insurance business

Retrieved on: 
Thursday, July 28, 2022 - 2:00pm

NEW YORK, July 28, 2022 /PRNewswire/ --AXA XL has promoted Christopher Lee to lead its Excess & Surplus property insurance business.

Key Points: 
  • NEW YORK, July 28, 2022 /PRNewswire/ --AXA XL has promoted Christopher Lee to lead its Excess & Surplus property insurance business.
  • Based in New York, he reports to Michele Sansone, Chief Underwriting Officer for AXA XL's Property business in the Americas.
  • In his new role, Mr. Lee assumes underwriting management responsibility of AXA XL's book of E&S property business.
  • AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally.

Critical Illness Insurance Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 28, 2022 - 10:40am

The critical illness insurance market consists of sales of critical illness insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting critical illness cover or a dread disease policy, which is additional insurance coverage to cover those overruns where traditional health insurance may fall short.

Key Points: 
  • The critical illness insurance market consists of sales of critical illness insurance by entities (organizations, sole traders, and partnerships) that are engaged in directly underwriting critical illness cover or a dread disease policy, which is additional insurance coverage to cover those overruns where traditional health insurance may fall short.
  • Therefore, the growing prevalence of critical illness is expected to drive the global critical illness insurance market.
  • Lack of awareness about critical illness insurance is hindering the growth of the global critical insurance market.
  • An increase in the range of critical illnesses covered in the critical illness insurance policies is a major trend shaping the critical insurance market.

AXA XL announces new role to develop middle market business in the US

Retrieved on: 
Wednesday, July 27, 2022 - 3:30pm

NEW YORK, July 27, 2022 /PRNewswire/ --AXA XL Insurance has appointed Matthew Waters as Head of US Middle Market to lead an initiative to expand its reach in the US commercial insurance market.

Key Points: 
  • NEW YORK, July 27, 2022 /PRNewswire/ --AXA XL Insurance has appointed Matthew Waters as Head of US Middle Market to lead an initiative to expand its reach in the US commercial insurance market.
  • Commenting on the appointment, Mr. Tocco said: "In the US, AXA XL's market leadership in the large commercial, financial lines & specialty insurance segments is well-established.
  • Extending our presence in the adjacent middle market businesses in the US is a clear opportunity.
  • He most recently served as EVP, General Manager for Liberty's Middle Market business, managed approximately $1B nationwide P&L, CUOs and Division Vice Presidents for Middle Market Underwriting.