AXA, Europe's second-biggest insurer, warned on Tuesday of a hit to its 2020 results as a result of the COVID-19 pandemic but hoped its new strategic … AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing innovative insurance solutions for AXA XL’s energy clients. He has led the Operations & Technology function at AXA XL since 2018. AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. Nancy joined XL Catlin in 2017 as the Global Chief Underwriting Officer for Casualty. Key proposed changes to the operating model include the creation of a single global insurance Underwriting Function and the establishment of three geographical Business Units across the … We won't set optional cookies unless you enable them. The Carbon Management plan is a central focus of AXA XL’s strategy which focuses on climate change, access to water and financial resilience. Sean McGovern was appointed General Counsel of AXA XL in September 2018, having previously been Chief Compliance Officer, Head of Regulatory & Government Affairs at XL Group since October 2016. The Group CEO confirms to investors a continued focus on healthcare and protection as underwriting discipline is enforced in Axa XL. The presentation includes dedicated sections on France and Europe, AXA XL and Cash and Capital. AXA XL today unveiled its Carbon Management Strategy which aims to accelerate its contribution to the transition towards a more sustainable and less carbon-intensive economy by 2050. Changes include the creation of a single global insurance underwriting function and the establishment of three geographical business units across the Americas, Eurasia, and the UK & Lloyd’s market. AXA is hosting, this morning, a virtual Investor Day to present its strategic plan “Driving Progress 2023” and its key financial targets for 2021-2023. Nancy also served as the President & Chief Executive Officer of C.V. Starr & Company (California) and was responsible for the overall operations of the agency. As a leading global insurer, our role must be to make sure we are doing everything we can to make our clients, and our communities, better equipped for a potentially warming world,” said Scott Gunter, Chief Executive Officer at AXA XL. THIS AXA WEBSITE USES COOKIES AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. In this role, Nancy was responsible for the aggregated portfolio management of the Global casualty lines. Following several years of detailed monitoring of the organization’s consumption and using 2019 as a baseline, AXA XL has identified the key levers that will help decarbonize its operational impact. ALL ARTICLES | Finance Before joining Winterthur, Rainer had worked as a research assistant while completing a PhD in Accounting at the University of St. Gallen in Switzerland. Prior to this position, Joe served as President and Head of XL Group’s North America Property business and XL Global Asset Protection Services (XL GAPS), XL Group’s loss prevention consulting firm. NEW YORK, Sept. 29 2020 /PRNewswire/ -- AXA XL today unveiled its Carbon Management Strategy which aims to accelerate its contribution to the transition towards a more sustainable and less carbon-intensive economy by 2050. Noel Richardson, Chief Risk Officer Prior, she held the role of Global Chief Underwriting Officer for Long Tail Property & Casualty (P&C) risks. Rainer Schoellhammer was appointed Chief Financial Officer (CFO) for AXA XL in 2019. He directed XL Group’s multiline P&C operations, including underwriting activities for General Property, Global Risk Management, Excess Casualty, North America Programs, Construction, Environmental and Excess & Surplus coverages, in the US and Canada. Karen undertook several roles of increasing responsibility at AXA Liabilities Managers after joining in 2004, in addition to previous positions. AXA XL¹, 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. You can disable them at any time. Within each area, the strategy establishes sub-targets for the main impact areas including absolute Green House Gas (GHG) emission reduction targets (25% reduction) and intensity of resource consumption (see infographic.). ... XL Bermuda Limited – UK Branch XL Gracechurch Limited and its UK subsidiaries XL London Market Group Ltd and its UK subsidiaries XL … The Carbon Management plan is a central focus of AXA XL’s strategy which focuses on climate change, access to water and financial resilience. He joined AXA in 1994 and has held several posts during his time with the Group, notably Chief Financial Officer (CFO) of several operating entities (AXA Germany, AXA Belgium, AXA Bank Europe), CFO of the Northern Europe and CEE Region and of the Life and Health operations worldwide, Group Head of Corporate Finance and Treasury, Group Head of Life, Savings & Health Insurance and Risk Management. In this role he is responsible for defining and ensuring application of the risk strategy and associated framework, governance, processes and appetites across AXA XL. A former industry executive and management consultant, Eric leads a team dedicated to provide accurate, high value business information to today's practitioners. Strategy outlines commitment and roadmap to decarbonize AXA XL’s operations in line with goal to limit global warming to below 1.5 °C. AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. ... XL Bermuda Limited – UK Branch XL Gracechurch Limited and its UK subsidiaries XL London Market Group Ltd and its UK subsidiaries XL RE Europe SE – … For more detailed information on the cookies used for this website, you can read our Cookie Policy. Between 2012 and 2015, Rainer held the role of CFO at AXA Corporate Solutions, after a short spell as Senior Vice President BSD for Japan & Asia-Pacific at AXA Group. Axa well positioned for post Covid-19 growth claims Buberl as 2023 strategy revealed - Insurance Age The Carbon Management plan is a central focus of AXA XL’s strategy which focuses on climate change, access to water and financial resilience. AXA XL is the P&C and specialty risk division of AXA. Noel Richardson was appointed Chief Risk Officer (CRO) for AXA XL in 2018. Prior to joining AXA, he worked principally in the life assurance sector after starting his career in consultancy and subsequently European Head of Life Product Management within AIG. Today, the new management team is revealing its strategic plan – Ambition 2020 – based on two pillars, Focus & Transform. AXA XL, the property & casualty and specialty risk division of AXA, has released details of its carbon management strategy, designed to accelerate the company’s contribution to the transition towards a less carbon-intensive economy by 2050. LONDON, April 21, 2020 /PRNewswire/ -- AXA XL today announced a new Leadership Team and proposed changes to the operating model of its … These areas are energy consumption, people movement (travel and vehicle fleet), and resources consumed. Charles has more than 20 years of experience in the industry. The Group CEO confirms to investors a continued focus on healthcare and protection as underwriting discipline is enforced in Axa XL. Following today’s announcement, he will also lead Data & Analytics. Strategy outlines commitment and roadmap to decarbonize AXA XL’s operations in line with goal to limit global warming to below 1.5 °C. Today, I am proud to announce the new branding of AXA and XL operations: upon closing of the acquisition of the XL Group, AXA XL will combine our P&C commercial lines and specialty risks into a new entity of the AXA Group. Between 2010 and 2015, Matthieu had been acting as Managing Director and then CEO of AXA Corporate Solutions UK and AXA Matrix UK, based in London. In 2010, Charles assumed the role of President and Chief Underwriting officer of XL Re Ltd. Brent Hoffman, Chief Claims Officer Joseph Tocco, Chief Executive Officer, Americas Rainer joined AXA in 2006, after it acquired Winterthur Group, the insurance division of Credit Suisse. AXA XL, the property & casualty and specialty risk division of AXA, has released details of its carbon management strategy, designed to accelerate the company’s contribution to the transition towards a less carbon-intensive economy by 2050. Prior to his current role, Matthieu had worked in Paris since 2015 as Deputy Global Chief Underwriting Officer at AXA Corporate Solutions (ACS), before also becoming CEO – France at ACS in 2016. The AXA Group’s parent company, AXA SA, publishes a Group Tax Policy. The new division AXA XL adopts AXA Group’s sustainability and climate strategy. He previously held the role of Global Head of Claims, following a promotion at XL Catlin in 2018. Changes include the creation of a single global insurance underwriting function and the establishment of three geographical business units across the Americas, Eurasia, and the UK & Lloyd’s market. The centrepiece of that plan was the $15bn acquisition of Bermuda-based XL, and the demerger of its US life insurance business, Axa Equitable. https://www.axa.com/en/about-us/axa-and-climate-change. Finance Act 2016 requires large businesses to publish a UK tax strategy. He has also been appointed by the US Treasury to serve as a member of the US Federal Advisory Committee on Insurance, which advises the US Treasury on insurance issues. You can disable them at any time. AXA XL, as a controller, uses cookies to provide its service, improve user experience, measure audience engagement, and interact with users’ social network accounts. AXA is very well advanced on its transformation journey. The Carbon Management plan is a central focus of AXA XL's strategy which focuses on climate change, access to water and financial resilience. AXA XL today unveiled its Carbon Management Strategy which aims to accelerate its contribution to the transition towards a more sustainable and less carbon-intensive economy by 2050. In this role, her focus was on pricing development, portfolio management and strategy development and deployment. The primary users of data governance solutions within the organization include many different teams, and achieving data transparency across the organization is a key milestone needed for success. AXA reveals its strategic plan for 2020 Every year, we gather with our investors for an Investor Relations (IR) Day. AXA XL’s focus on insurance, reinsurance, and risk management services demands a robust approach to the management of its data assets. AXA is hosting, this morning, a virtual Investor Day to present its strategic plan “Driving Progress 2023” and its key financial targets for 2021-2023. Sorry, your blog cannot share posts by email. AXA XL had a great first half with continued and disciplined growth in revenues and a solid contribution to the Group’s earnings. He was responsible for directing XL Group’s property underwriting activities for General Property and Energy Property business and managing a global team of risk engineers. These included CIO / Global Head of Business Support (2004), Global Head of Human Resources (2012), Global Head of Communications (2014), Head of Global Shared Services Centre and Integration (2016) and CEO AXA Liabilities Managers US (2018). The AXA Group’s parent company, AXA SA, publishes a Group Tax Policy. In 2002, he was appointed a Director and Lloyd’s General Counsel, with global responsibility for Lloyd’s legal, regulatory and Government affairs globally. Three areas were identified as key to AXA XL working towards an overarching goal of limiting global warming to below 1.5 °C which is a target aligned to industry-practice decarbonization. To learn more, visit www.axaxl.com. As General Counsel, Sean has oversight of legal, compliance and regulatory matters. He had previously worked in Germany for companies including Bain & Company and Lazard & Co Ltd. AXA XL Announces New Leadership Team and Strategy. The service is to be made available globally, as the solution combines the expertise of AXA XL’s risk consultants with data mining capabilities and probabilistic algorithms to carry out multi-peril assessments of a company’s physical locations. Synergies are materializing well, and AXA XL should benefit from the increasingly positive pricing context. We partner with those who move the world forward. You can disable them at any time. Rainer Schoellhammer, Chief Finance Officer “We’re in the business of building a more resilient planet and it’s no secret that a changing climate and its impacts on the environment presents our industry with a range of challenges and potential opportunities. Prior, he was Chief Executive of Bermuda Reinsurance for XL Catlin. … Before joining AXA Liabilities Managers, Karen had spent three years in other Programme management roles within the Group. Joe joined XL Group in 2011 from Zurich Financial Services, where he led the North America Property group, Global Corporate Business Unit. Eric Muller-Borle 2020-06-11. We won't set optional cookies unless you enable them. AXA XL in April 2020 announced a new leadership team and a new organization following a strategic review. AXA XL Announces New Leadership Team and Strategy, Allen Koski joins Insured Nomads as President and Chief Innovation Officer, NBER publishes “Insurance and Propagation in Village Networks” working paper, Swiss Re Institute: global insurance markets set to rebound in 2021, Swiss Re Advice on Reopening Public Spaces in the Wake of Covid-19, Nancy Bewlay, Chief Underwriting Officer (CUO), Sean McGovern, Interim CEO UK & Lloyd’s market, Karen le Duc, Chief Human Resources Officer, Matthieu Caillat, Chief Operating Officer (COO), Noel Richardson, Chief Risk Officer (CRO), Rainer Schoellhammer, Chief Finance Officer (CFO). Following several years of detailed monitoring of the organization’s consumption and using 2019 as a baseline, AXA XL has identified the key levers that will help decarbonize its operational impact. ALL ARTICLES | Commitment. Sean is a non-executive board member of The City UK, which promotes the UK financial services sector, and is also Chairman of its International Trade & Investment Group. In 2014, he also became Lloyd’s first Chief Risk Officer and a member of the Board. He transitioned to reinsurance when he joined XL Reinsurance America, Inc. in Stamford, Connecticut, in 2000 as an Assistant Vice President and Corporate Planning Analyst. According to Scott Gunter, CEO, “the regional structure means 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. Prior, Nancy joined Swiss Re in 2013 as Head of Underwriting for Casualty, responsible for the underwriting and actuarial treaty teams in the US and Canada. Matthieu Caillat, Chief Operating Officer In this role, Joe was responsible for driving the development and effective delivery of innovative insurance and risk management solutions for our brokers and clients based in the US, Canada and Bermuda. Karen le Duc, Chief HR Officer  Nancy joined C.V. Starr & Company in 2006 as Manager of the East Coast offices and continued her tenure with advancing responsibilities and roles; including Executive Vice President & Director of Field Operations. This will generate cash,” Buberl told investors and analysts during a strategy update. Prior, Joe served as Chief Executive of the Americas region for XL Catlin. The strategy, which aligns to AXA … New York - September 29, 2020. AXA XL in April 2020 announced a new leadership team and a new organization following a strategic review. AXA Group has announced that its sustainability and climate strategy will be extended to AXA XL, the division that was established following the acquisition of XL Group. Prior to joining XL Group, Brent was with The Hartford for more than 12 years, where he held various in-house attorney positions in addition to a Vice President role in the company’s Claims Department, with responsibility for managing claim groups in the US and UK. In 2005, he transferred to the Bermuda office, where he was Senior Vice President & Underwriter for XL Re Ltd, with responsibility for Property catastrophe and specialty accounts business. Underwriting will be led by a global Chief Underwriting Officer (CUO), responsible for underwriting governance, pricing, P&L and the management of the global heads of business lines in order to define and drive product strategy. AXA XL in April 2020 announced a new leadership team and a new organization following a strategic review. Nancy Bewlay is Chief Underwriting Officer for AXA XL, as announced today. Brent joined XL Group in 2014 and previously held the positions of Global Practice Leader – Casualty Claims and General Counsel – Global Claims, with a place on the Claims Leadership Team. Nancy Bewlay, Chief Underwriting Officer You can read more about AXA’s position on climate change here: https://www.axa.com/en/about-us/axa-and-climate-change. The merger agreement has been unanimously approved by the boards of AXA and XL Group. Follow AXA XL on Twitter and on LinkedIn. AXA XL Risk Consulting has announced the launch of Risk Scanning, a new risk assessment service. Copyright © Global Benefits Knowledge SA 2014-2020 - All Rights Reserved -- Global Benefits Vision magazine ISSN 2418-4349 -- Published in Luxembourg. Finance Act 2016 requires large businesses to publish a UK tax strategy. This will generate cash,” Buberl told investors and analysts during a strategy update. 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