AXA XL, the P&C and specialty threat division of French insurance coverage main AXA, has appointed Anne Marie Elder as world chief underwriting officer (CUO), specialty.
Elder will assume the brand new function on 1 April 2024.
Her obligations embrace setting the strategic course and supporting enterprise growth for AXA XL’s collective marine, aerospace and specialty area of interest portfolios.
The newly created function of world CUO of the specialty division falls underneath the umbrella of AXA XL’s world chief underwriting workplace (GCUO).
The GCUO is essential in working alongside regional underwriting groups to advertise worthwhile development and supply steerage on underwriting self-discipline, pricing, threat aggregation and world product technique.
Elder, who has been with AXA XL since 2011, at the moment serves as the worldwide CUO for marine.
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She has led the worldwide marine crew since 2019 and has a historical past of roles on the Hartford, Allianz and CNA Insurance coverage.
Elder can also be a member of the board and government committees for a number of marine insurance coverage organisations and is an alumna of the US Service provider Marine Academy, with a background in the US Naval Reserve.
She’s going to function out of Hartford, Connecticut, and report back to AXA XL world CUO Libby Benet.
Commenting on Elder’s appointment, Benet mentioned: “Below Anne Marie’s management, this new construction will enable us to leverage the synergies between these portfolios, driving higher alignment amongst these product strains and strengthening the scale of our Specialty enterprise.
“Anne Marie brings a wealth of market information, perception and technical experience gained from over 30 years within the insurance coverage trade. Her underwriting administration expertise and robust management will probably be invaluable in serving to us obtain our world development ambitions and additional improve our providing to shoppers within the specialty market.”
In December 2023, the corporate, in partnership with Oversea Insurance coverage Company, launched a specialised marine normal legal responsibility insurance coverage protection for marine artisans within the US.
Moreover, in November 2023, AXA XL appointed Adias Gerbaud as CUO for Asia-Pacific (APAC) & Europe, and for XL Insurance coverage Firm SE (XLICSE).
