AXA XL has launched a local captive practice in Canada in order to address the growing demand for captive and alternative risk transfer expertise.
Leading the new practice will be Alonso Tello, who was appointed as vice president of its captives and alternative solutions business last week.
Tello’s appointment is part of AXA XL’s aim to bring in top talent and expand the group’s services for Canadian large commercial customers and brokers.
Urs Uhlmann, CEO and country manager AXA XL, Canada commented: “We are very excited to launch local captive capabilities in Canada. As a global practice, our specialised background will lead our growing business in the country while continuing to strengthen existing relationships with clients and brokers from all industries and sectors.”
Regarding Tello’s appointment, Uhlmann added: “We are particularly excited to kick-off this new Canada-based practice with the leadership of a captive expert like Alonso Tello.”
He continued: “His vast experience in the space will be a great asset to our Canada-focused practice by combining his expertise in the international market with AXA XL’s unparalleled global capabilities.”