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AXA XL, the property and casualty and specialty danger division of AXA, has named Neil Cole as the worldwide chief underwriting officer (CUO) of marine enterprise.
Cole, who brings greater than 20 years of trade expertise, will start his new function on 1 April 2024.
His obligations will embrace setting strategic path and supporting the event of AXA XL’s marine portfolios.
Cole has spent ten years at AXA XL. Beginning his profession in claims, he transitioned into underwriting, specializing in worldwide marine markets.
Since 2020, Cole has served as international head of underwriting administration and deputy chief underwriting officer of marine.
Working from London, Cole can be a part of AXA XL’s international chief underwriting workplace (GCUO).
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The GCUO collaborates with regional underwriting groups to drive worthwhile progress and supply experience on underwriting self-discipline, pricing, danger aggregation and international product technique.
He’ll report on to AXA XL international CUO of specialty Anne Marie Elder, who was appointed on this function not too long ago.
Elder mentioned: “The marine transportation trade is present process vital change. Our shoppers are utilizing more and more giant vessels whereas exploring greener gasoline as a part of their decarbonisation efforts. They’re additionally making headways in the usage of new applied sciences, together with synthetic intelligence. Consequently, our marine shoppers are going through new dangers and are turning to us to assist them higher perceive and handle these.
“With a profession spanning over greater than 20 years, a deep information of our trade and the respect he has earned over time, Neil is a perfect candidate to help our regional underwriting groups and drive the worthwhile growth of our marine portfolio.”
This appointment comes on the heels of AXA XL’s enlargement of its normal legal responsibility protection for mid-sized companies within the US.
The brand new XL Plus endorsement, that includes greater than 24 further protections, goals to strengthen AXA XL’s place within the mid-market section by broadening its scope of protection for shoppers.
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