AXA XL pronounces new marine international CUO

AXA XL has elevated Neil Cole (pictured above) to the place of world chief underwriting officer for its marine sector, efficient from April 1.

Cole brings to the function a wealth of business data, with a 25-year tenure within the marine sector, together with the final decade at AXA XL. Starting his profession in claims, he transitioned into underwriting, with a deal with worldwide marine markets.

Previous to his present promotion, Cole had served as international head of underwriting administration and deputy chief underwriting officer for marine since 2020. Moreover AXA, he has additionally served in earlier roles at XL Group, Zurich Insurance coverage, and Starr Firms.

On this new capability, Cole is tasked with steering the strategic course and facilitating the expansion of AXA XL’s marine insurance coverage portfolios. His obligations will embrace overseeing the event of world product methods, pricing, and threat aggregation, functioning throughout the framework of AXA XL’s international chief underwriting workplace (GCUO).

Working out of London, Cole will straight report back to Anne Marie Elder, the worldwide chief underwriting officer for specialty at AXA XL.

“The marine transportation business is present process important change. Our shoppers are utilizing more and more massive vessels whereas exploring greener gasoline as a part of their decarbonization 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,” Elder mentioned.

Elder praised Cole’s appointment, noting his intensive expertise and deep-rooted understanding of the marine insurance coverage business.

“With a profession spanning over greater than twenty years, a deep data of our business and the respect he’s earned over time, Neil is a perfect candidate to assist our regional underwriting groups and drive the worthwhile improvement of our marine portfolio,” Elder mentioned.

In current developments for its mother or father firm, AXA unveiled the most recent version of its Thoughts Well being Report, which sheds mild on the regarding state of psychological well being globally.

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