AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. 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. He has led the Operations & Technology function at AXA XL since 2018. In 2002, he was appointed a Director and Lloyd’s General Counsel, with global responsibility for Lloyd's legal, regulatory and Government affairs globally. AXA XL today announced a new Leadership Team and proposed changes to the operating model of its Insurance business following a strategic review. 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. 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. Specialty risk firm AXA XL, a subsidiary of global insurer AXA, announced this week that it has appointed Xavier Veyry, the country CEO of AXA China, to head its Asia and Europe operations. 1st December 2020 - Author: Luke Gallin. The team at AXA XL, led by Chief Executive Officer (CEO) Scott Gunter, is looking to capitalise on rising prices in the current hardening market environment, in an effort to both enhance and increase the underwriting performance of the business, according to Thomas Buberl, CEO of AXA. Please tell us what we can do to improve this article. 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. AXA reported its nine-months 2020 results yesterday and the re/insurers CFO revealed that a recapitalisation of its AXA XL unit is planned, so that it can take advantage of rising reinsurance prices. We want to continue to serve our clients and brokers to the very best of our ability while being a simpler organisation to navigate. Following today’s announcement, he will also lead Data & Analytics. (RTTNews) - French insurer Axa SA (AXAHY.PK) announced Thursday the appointment of Scott Gunter as CEO of AXA XL. Before joining XL Group, Sean held various senior positions at Lloyd’s of London, having joined in 1996 from private practice at Clifford Chance. The CEO of AXA on Thursday expressed confidence in the French insurer's company-focused XL Group after the business reported a loss in the … 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. Rainer joined AXA in 2006, after it acquired Winterthur Group, the insurance division of Credit Suisse. 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. Joe joined XL Group in 2011 from Zurich Financial Services, where he led the North America Property group, Global Corporate Business Unit. 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. Get the insurance industry's trusted newsletter, Your email address will not be published. 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. 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, he added. Paris-based AXA’s “who’s who” web page, as of Oct. 27, lists Hopkinson as interim Canadian country manager reporting to Joe Tocco, AXA XL’s CEO, Americas. Prior, she held the role of Global Chief Underwriting Officer for Long Tail Property & Casualty (P&C) risks. In this role, her focus was on pricing development, portfolio management and strategy development and deployment. Rainer was previously Group Finance Controller at AXA Group, a … Notes to Editor: Nancy Bewlay, Chief Underwriting Officer 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,said AXA XL in a statement. Mr. Gunter continued: “I have spent my first 60 days as CEO considering our priorities and our structure and assembling the right team to drive AXA XL forward. As General Counsel, Sean has oversight of legal, compliance and regulatory matters. Joseph Tocco is Chief Executive Officer, Americas, as announced today. “We want to continue to serve our clients and brokers to the very best of our ability while being a simpler organization to navigate. Scott Gunter, AXA XL CEO, confirmed the following Leadership Team to build out the envisaged operating model*: 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.”. Chief Financial Officer (CFO) Network | #1 Exec Finance Group. Rainer Schoellhammer was appointed Chief Financial Officer (CFO) for AXA XL in 2019. Mr. Veyry is currently Country CEO of AXA China and Chairman of AXA Tianping in China and AXA General Insurance in Korea. Robert Martin. 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. Rainer Schoellhammer was appointed Chief Financial Officer (CFO) for AXA XL in 2019. Rainer was previously Group Finance Controller at AXA Group, a … Rainer was previously Group Finance Controller at AXA Group, a role he held since 2015. published at 7:00 AM CET AXA announced today the appointment of Scott Gunter, previously Senior Vice President of Chubb Group and President of Chubb’s North America Commercial Insurance division, as … Matthieu Caillat, Chief Operating Officer Chief Financial Officer XL Catlin. What Will the Senior Living Market Look Like for Insurers Post-Pandemic? Thank you! 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. 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. Rainer was previously Group Finance Controller at AXA Group, a role he held since 2015. He began his career with AIG and Zurich North America in New York, writing International Primary Casualty business. 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. 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. 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, Karen le Duc, Chief Human Resources Officer, Matthieu Caillat, Chief Operating Officer, Rainer Schoellhammer, Chief Financial Officer. AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. 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. Rainer was previously Group Finance Controller at AXA Group, a role he held since 2015. The three geographical Business Units will be led by CEOs, who would be responsible for the balance sheets of their geographies and managing talent.*. 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 Americas, Eurasia, and the UK & Lloyd’s market. Nancy joined XL Catlin in 2017 as the Global Chief Underwriting Officer for Casualty. 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. Global reach, local empowerment - Our Claims professionals deliver uncompromisingly high levels of service and are positioned to manage covered claims in more than 200 countries and territories. He previously held the role of Global Head of Claims, following a promotion at XL Catlin in 2018. He was previously group finance controller at AXA Group, a role he held since 2015. Managing Director, XL Leadership Council EVP & CFO, XL Reinsurance 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. Today, French insurance and investment giant AXA held its virtual … The appointment is part of an overhaul of its leadership structure which will see the leaders of geographical business units joining the leadership team. * In line with usual practise, the proposed changes affecting European entities, will be subject to consultation with employee representative bodies. Under the changes, some Axa XL … The three geographical Business Units will be led by CEOs, who would be responsible for the balance sheets of their geographies and managing talent. 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. The capital will be redeployed internally from AXA, the CFO explained, and will not affect the company’s overall solvency. For more detailed information on the cookies used for this website, you can read our Cookie Policy. We won't set optional cookies unless you enable them. “This Leadership Team is an international, highly experienced team of individuals: around half the team have a background at legacy XL Catlin, while the other half bring diverse and valuable experience from across the AXA Group. Having started his insurance career at the company in 2003, Matthieu worked his way up through the organization, holding positions in the Specialty Markets Division, including in risk modelling, portfolio management and business development. Roles within XL Group include: • Manage the global consolidation and close efforts including internal and external financial reporting and disclosure. Rainer was previously Group Finance Controller at AXA Group, a role he held since 2015. 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. XL Group has announced management changes and departures in anticipation of the planned acquisition of XL by AXA. 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. AXA XL in June 2020 announced that Xavier Veyry had been appointed as CEO Asia & Europe, based in Dublin, Ireland, and reporting to Scott Gunter, AXA XL CEO. Mr. George Stansfield, Group Deputy Chief Executive Officer (" Directeur Général Adjoint ") and General Secretary. Noel Richardson, Chief Risk Officer Karen le Duc, Chief HR Officer  Rainer was previously Group Finance Controller at AXA Group, a … Prior, he was Chief Executive of Bermuda Reinsurance for XL Catlin. He also served as Chief Executive of North America P&C unit for XL Group plc’s global insurance operations. Charles Cooper, Chief Executive Officer, Reinsurance Robert Martin Rainer Schoellhammer was appointed Chief Financial Officer (CFO) for AXA XL in 2019. 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. 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Required fields are marked *. Brent started his career in private practice, working at both Bingham McCutchen LLP and Saul Ewing LLP. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the group. ... Vice President, Finance at AXA XL, a division of AXA. Axa XL is a subsidiary of global insurance and reinsurance company Axa.It is headquartered in Stamford, Connecticut, domiciled in Hamilton, Bermuda, and has more than 100 offices on 6 continents.. On October 1, 2020, this Management Committee comprised thirteen members: Mr. Thomas Buberl, Chief Executive Officer of AXA. 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. “This is a positive step forward for AXA XL and I strongly believe that this new leadership team will ensure we are the insurance partner of choice across business lines and around the world.”, AXA XL Forms New Leadership Team, Aims to Restructure with Regional Operating Model. Global Insurance Professionals. Brent is Chief Claims Officer at AXA XL, as announced today. He will replace Greg Hendrick, who has … 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). You can disable them at any time. 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. Veyry will report to Scott Gunter, CEO of AXA XL, according to a press release by the global insurance provider. Charles has more than 20 years of experience in the industry. In 2016, the company wrote $13.890 billion in gross premiums, of which 69% was insurance, 29% was reinsurance, and 2% was other. 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