AXA XL today announced a new global leadership team and proposed changes to the operating model of its insurance business following a strategic review.
Key proposed changes to the existing operating model 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 underwriting function will be led by a global chief underwriting officer (CUO), who will be working to design the structure of the proposed new model. The CUO would be 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.
The three geographical business units will be led by CEOs, who would be responsible for the balance sheets of their geographies and managing talent.
Scott Gunter said: “AXA XL is the result of acquisitions and mergers and with our increased scale, now is the time to optimize our structure by striking the right balance between local and global decision making so we remain agile and flexible.We want to continue to serve our clients and brokers to the very best of our ability while being a simpler organisation to navigate. The regional structure would mean 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.
New leadership team of Axa XL include-
– Nancy Bewlay, Chief Underwriter Officer
– Joseph Tocco, Chief Executive Officer, Americas
– Scott Gunter, Interim Chief Executive Officer, Eurasia.
-Sean McGovern, Interim Chief Executive Officer, UK & Lloyd’s market
-Charles Cooper, Chief Executive Officer, Reinsurance
-Brent Hoffman, Chief Claims Officer
-Karen le Duc, Chief Human Resources Officer
-Matthieu Caillat, Chief Operating Officer
-Noel Richardson, Chief Risk Officer
-Rainer Schoellhammer, Chief Finance Officer
-Sean McGovern, General Counsel