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Friday, April 12, 2024

AXA XL appoints new world chief underwriting officer for marine 

AXA XL, the property and casualty and specialty threat 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 business expertise, will start his new function on 1 April 2024.  

His duties will embrace setting strategic course 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 world head of underwriting administration and deputy chief underwriting officer of marine. 

Working from London, Cole shall be a part of AXA XL’s world chief underwriting workplace (GCUO). 

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The GCUO collaborates with regional underwriting groups to drive worthwhile development and supply experience on underwriting self-discipline, pricing, threat aggregation and world product technique.  

He’ll report on to AXA XL world CUO of specialty Anne Marie Elder, who was appointed on this function lately.  

Elder stated: “The marine transportation business is present process vital change. Our shoppers are utilizing more and more giant vessels whereas exploring greener gas as a part of their decarbonisation efforts. They’re additionally making headways in using new applied sciences, together with synthetic intelligence. In consequence, our marine shoppers are dealing with new dangers and are turning to us to assist them higher perceive and handle these.  

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

This appointment comes on the heels of AXA XL’s growth of its common 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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