Axa XL

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.

AXA XL announces new cyber insurance roles and regional management appointments in the US

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Tuesday, July 19, 2022 - 3:00pm

NEW YORK, July 19, 2022 /PRNewswire/ -- To help keep pace with continuously changing technology risks, a very dynamic cyber insurance market, and continued demand for cyber insurance protection, AXA XL's cyber insurance business announced the creation of two new roles and several regional underwriting management appointments.

Key Points: 
  • NEW YORK, July 19, 2022 /PRNewswire/ -- To help keep pace with continuously changing technology risks, a very dynamic cyber insurance market, and continued demand for cyber insurance protection, AXA XL's cyber insurance business announced the creation of two new roles and several regional underwriting management appointments.
  • After graduating Villanova University, Rachel began her insurance industry career in 2014 as a graduate trainee at Hiscox quickly gravitating to cyber underwriting.
  • She joined AXA XL in 2018, most recently serving as Cyber Underwriting Manager for AXA XL's West Zone, out of Los Angeles.
  • Joining AXA in 2012, Vern has spent more than a decade helping build AXA XL's cyber insurance business.

VSS Capital Partners Appoints W. Preston Hutchings as Senior Advisor

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Tuesday, July 12, 2022 - 11:00am

VSS Capital Partners (VSS), a private investment firm investing in healthcare, business services and education, today announced the addition of W. Preston Hutchings as Senior Advisor.

Key Points: 
  • VSS Capital Partners (VSS), a private investment firm investing in healthcare, business services and education, today announced the addition of W. Preston Hutchings as Senior Advisor.
  • Were thrilled to welcome W. Preston Hutchings, a distinguished executive, to VSS as a Senior Advisor, said Jeffrey Stevenson, Managing Partner at VSS.
  • I look forward to serving as a Senior Advisor to VSS and working closely with their team to generate sustained value for the firms investors, said Hutchings.
  • Hutchings was a Senior Vice President and Chief Investment Officer at Arch Capital Group Ltd. from June 2005 to June 2021.

Zywave & Advisen Announce 2022 Cyber Risk Award Winners

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Friday, June 17, 2022 - 3:01pm

NEW YORK, June 17, 2022 /PRNewswire/ -- Leading insurtech provider, Zywave, along with Advisen, a Zywave company, honored the cyber risk industry's top performers at the ninth annual Cyber Risk Awards, held in-person at Gotham Hall in New York City the evening of Thursday, June 16, 2022.

Key Points: 
  • NEW YORK, June 17, 2022 /PRNewswire/ -- Leading insurtech provider, Zywave , along with Advisen, a Zywave company, honored the cyber risk industry's top performers at the ninth annual Cyber Risk Awards, held in-person at Gotham Hall in New York City the evening of Thursday, June 16, 2022.
  • The winners were announced during a gala dinner for 480 attendees, sponsored by Arete, The Beckage Firm, CFC Underwriting, Epiq, and Pondurance.
  • "We congratulate all of the award winners and those who were nominated," said Jeff Cohen, Zywave senior vice president.
  • To learn more about Advisen, a Zywave company, acquired by Zywave in November 2020, visit www.advisenltd.com .

PartnerRe Appoints Sima Ruparelia as Chief Actuarial and Risk Officer

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Thursday, June 16, 2022 - 3:00pm

PartnerRe Ltd. announced today that Sima Ruparelia will join PartnerRe, effective June 27, in the role of Chief Actuarial and Risk Officer.

Key Points: 
  • PartnerRe Ltd. announced today that Sima Ruparelia will join PartnerRe, effective June 27, in the role of Chief Actuarial and Risk Officer.
  • Ms. Ruparelia will be responsible for Risk and Capital, Non-Life Reserving and Pricing and Life Reserving (2nd Line).
  • Ms. Ruparelia held the role of Chief Actuary and Portfolio Manager for UK, Europe, Global Specialty and Talbot, the Europe legal entity for AIG, from 2016 to 2021.
  • Prior to that, Sima served as Group Actuary for Catlin and as UK Chief Actuary for XL Catlin, and held actuarial positions at Ernst and Young, Equitas and Pinnacle Insurance.

AXA XL adds Commercial E&O insurance underwriting expertise in the US

Retrieved on: 
Tuesday, June 14, 2022 - 2:00pm

Mr. Birkhofer also brings more than 20 years of underwriting experience to AXA XL, honed from underwriting and management positions at Chubb, Lexington Insurance, Markel Insurance, ANV Global Services and Hallmark Financial.

Key Points: 
  • Mr. Birkhofer also brings more than 20 years of underwriting experience to AXA XL, honed from underwriting and management positions at Chubb, Lexington Insurance, Markel Insurance, ANV Global Services and Hallmark Financial.
  • In his new AXA XL role, he will be underwriting a portfolio of Lawyers and Miscellaneous Professional Liability.
  • In her new role at AXA XL, she joins AXA XL's commercial E&O Programs team, led by Head of Professional Program Frank Palermo.
  • 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.

Lightbits Labs Appoints Global FinTech Innovator to Advisory Board

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Thursday, June 2, 2022 - 2:00pm

Lightbits , the first software-defined and NVMe data platform for any cloud, today announced that its board of directors has named world-renowned technology innovator and visionary Dr. Yoav Intrator to its advisory board.

Key Points: 
  • Lightbits , the first software-defined and NVMe data platform for any cloud, today announced that its board of directors has named world-renowned technology innovator and visionary Dr. Yoav Intrator to its advisory board.
  • With Dr. Intrator joining the Lightbits advisory board, we will continue to drive the organization in the right direction as storage is one of the core building blocks to create success in today's digital world, said Eran Kirzner , CEO of Lightbits Labs.
  • Lightbits Labs (Lightbits), is a cloud data platform company that delivers ease of use and efficiency while unlocking agility for modern businesses.
  • Lightbits, Lightbits Labs, and LightOS are registered trademarks of Lightbits Labs, Ltd.

AXA XL boosts resources, adding new role, to support program insurance business' continued growth

Retrieved on: 
Thursday, May 26, 2022 - 4:00pm

According to Ms. Nadeau, "The Program insurance market is a center for innovation, creativity, and specialization.

Key Points: 
  • According to Ms. Nadeau, "The Program insurance market is a center for innovation, creativity, and specialization.
  • With David's new role, we're putting some of our most experienced talent to work so that we can best support our program partners' growth strategies.
  • After 16 years working in the insurance brokerage community, David joined AXA XL in 1998 to help with the initial launch of its aerospace operation.
  • "AXA XL has a long history of supporting niche Program business with partnerships that go back decades.

AXA XL builds out cyber incident response team in North America

Retrieved on: 
Thursday, May 12, 2022 - 4:30pm

NEW YORK, May 12, 2022 /PRNewswire/ --To help businesses before, during and after actual or suspected cyber breaches, AXA XL continues to build out its cyber incident response team in North America with the addition of Jeanelle Dawes-Ghee, Yelizaveta (Liz) Veys and Bridget Mead as claims specialists, reporting to North America Cyber Incident Response Manager Gwenn Cujdik.

Key Points: 
  • NEW YORK, May 12, 2022 /PRNewswire/ --To help businesses before, during and after actual or suspected cyber breaches, AXA XL continues to build out its cyber incident response team in North America with the addition of Jeanelle Dawes-Ghee, Yelizaveta (Liz) Veys and Bridget Mead as claims specialists, reporting to North America Cyber Incident Response Manager Gwenn Cujdik.
  • If a company does have a cyber incident, our cyber clients will be in very skilled hands, working together with the Cyber Incident Response team to achieve an optimal outcome."
  • Access to the Cyber Incident Response team is part of AXA XL's cyber insurance offering .
  • Jeanelle joins the team with a strong background in cyber incident response having assisted in the incident response of hundreds of events large and small, in both the public and private sectors.

FutureProof Secures $6.5M in Capital and Founds New Insurance MGA

Retrieved on: 
Thursday, May 5, 2022 - 6:38pm

The insurance industry knows it needs a new generation of underwriting, pricing, and portfolio management tools for managing weather- and climate-related P&C risk, said Alisa Valderrama, co-founder and CEO at FutureProof.

Key Points: 
  • The insurance industry knows it needs a new generation of underwriting, pricing, and portfolio management tools for managing weather- and climate-related P&C risk, said Alisa Valderrama, co-founder and CEO at FutureProof.
  • Our underwriting will help close the coverage gap and increase financial resilience to climate-linked losses from hurricanes and floods.
  • FutureProof Technologies is a team of insurance industry veterans, data scientists, economists, and climate scientists.
  • FutureProof will use its climate-smart insurance products to help close the coverage gap and motivate investment in climate adaptation.