Nicola Harris has been promoted to head of energy, UK and Lloyd’s market at AXA XL.
In her new role, Harris is responsible for developing the UK energy book, executing the strategy and designing innovative insurance solutions for AXA XL’s energy clients as well as leading a team of underwriters in London.
She succeeds Peter Welton, who was promoted to chief underwriting officer for marine, energy and aerospace, UK and Lloyd’s market earlier this year.
Harris has held several senior energy roles within AXA XL since joining from Allianz Global Corporate & Specialty (AGCS) in 2018, most recently chief of staff, global energy.
Previously, she held the role of regional head of energy and marine at AGCS, based in Dubai since 2014. Prior to that, she worked in several roles at Marsh in London and then Cape Town, where she was appointed regional leader for power and energy in 2011.
Commenting on Harris’ promotion, Welton said: “Global economic uncertainty resulting from the COVID-19 pandemic has significantly affected the global energy market, which was already facing several headwinds. Having the right team in place is an integral part of our commitment to our clients, as they manage the associated risks today and in the future.”
“I am delighted that Nicola Harris will be taking on the role of head of energy, UK and Lloyd’s market. Nicola Harris has more than 20 years’ experience in the energy insurance sector, both on the broking and underwriting side, and I have every confidence that her high level of knowledge,” he added.