Michael Colao has joined AXA XL as global chief underwriting officer, cyber. Based in London, Colao will be reporting to the recently promoted global chief underwriting officer for financial lines, Libby Benet. Colao will manage aggregate cyber exposure across AXA XL’s products globally. He will also help develop and implement strong underwriting standards globally, and drive innovation to ensure AXA XL continues to be a partner of choice in this important line of business. Aside from his position at AXA XL, Colao represents the insurance industry in the Bank of England’s cross-market operational resilience cyber coordination group and serves on the steering committee of the UK government financial services cyber coordination centre, advising on regulation. Commenting on Colao’s appointment, Benet says: “Michael Colao brings a wealth of knowledge from his nearly 20 years as a senior cyber security expert in the financial service industry, his background and technical expertise will complement the underwriting talent within our global cyber team, providing a unique perspective into cyber risk.”
