Axa XL

VSS Capital Partners Appoints W. Preston Hutchings as Senior Advisor

Retrieved on: 
Tuesday, July 12, 2022

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

Retrieved on: 
Friday, June 17, 2022

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

Retrieved on: 
Thursday, June 16, 2022

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

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

Retrieved on: 
Thursday, June 2, 2022

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

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

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

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.

NEW DATA FROM FETCH PET INSURANCE SHOWS ANXIETY IN DOGS HAS DECREASED DURING THE PANDEMIC BUT BEHAVIORAL ISSUES INCREASED

Retrieved on: 
Tuesday, May 3, 2022

NEW YORK, May 3, 2022 /PRNewswire/ -- While their human counterparts suffered from increased anxiety during the pandemic, new data released today by Fetch by The Dodo pet insurance, a Company that provides the most comprehensive pet insurance coverage and health advice in the market, shows anxiety-related (emotional) claims for dogs decreased by 67% and have remained low since the onset of the pandemic.  However, during that same time period, the average number of claims per pet related to other specific behavioral disorders (physical), such as aggression and obsessive-compulsive disorder, increased dramatically by 408% since the onset of the pandemic. 

Key Points: 
  • "This data could indicate that our companion dogs who experience anxiety greatly benefited from our increased presence in their lives during the pandemic," said Dr. Audrey Ruple, Chair of the Fetch by The Dodo Veterinary Advisory Board.
  • The Company leveraged claims data from its internal Fetch Forward database, from the time period of October 1, 2019 - December 31, 2021, to determine its findings.
  • For this group, anxiety issues happen more frequently in puppies and older dogs, with less frequent claims occurring in mid-life.
  • Fetch by the Dodo pet insurance is one of the few pet insurance companies to cover pet mental health (including behavioral therapy, anxiety, and depression) as part of its regular coverage and at no extra cost to its policy holders.

AXA XL welcomes added expertise to North America Construction insurance business

Retrieved on: 
Wednesday, April 27, 2022

NEW YORK, April 27, 2022 /PRNewswire/ -- To meet contractors continued demand for construction insurance and risk management expertise, AXA XL's North America Construction insurance business welcomes three additions.

Key Points: 
  • NEW YORK, April 27, 2022 /PRNewswire/ -- To meet contractors continued demand for construction insurance and risk management expertise, AXA XL's North America Construction insurance business welcomes three additions.
  • Commenting on the appointments, Gary Kaplan, President of AXA XL's Construction business said: "Despite the global pandemic, construction activity has remained steady and is expected to remain so in the years ahead.
  • As part of the Excess Casualty Construction team, she will address contractors' Excess Liability insurance needs including Lead and Commercial Umbrella.
  • 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.