AXA XL has restructured its insurance underwriting operations in the Americas, aligning them under three business segments: large commercial, mid-market, and professional.
This move aims to serve the multiline insurance needs of AXA XL’s largest clients in the US, Bermuda, and Canada.
The large commercial segment, led by Donna Nadeau, brings together P&C, cyber, construction, energy, and specialty product lines.
Nadeau assumes this new role after most recently serving as chief underwriting officer in the Americas, with more than three decades of industry experience.
While the mid-market underwriting operation, led by Matthew Waters, is dedicated to meeting the P&C insurance needs of businesses with less than US$1 billion in revenue.
Lastly, AXA XL's professional business segment is managed by its existing operating committee, including Tony Giacco, John Burrows, Sean Hearn, and Jim Koval. It will continue to address clients' D&O, M&A, crime and kidnapping, ransom, and extortion insurance needs.
Lucy Pilko, Americas CEO at AXA XL, comments: “After taking a close look at our structure, we’re making changes to our regional model to optimise how we work and how our brokers and clients work with us.
“We’re organising ourselves with the client in mind, giving our brokers and clients an easy access point to all product lines, and we look forward to sharing more as our new structure continues to take shape.”
Pilko notes: “Now, in this realignment, we're bringing together more product lines for our mid-size clients and extending our offering to mid-size businesses in Canada.
"We're pleased to add environmental, inland marine, and excess and lead umbrellas for mid-size clients, along with mid-size construction capabilities, together under this segment."
