Axa XL
-
The new unit – Ceded Re – will operate under the leadership of Guy Van Hecke. -
Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.
-
Pricing settled at 7% across the Class A and Class B notes.
-
The bond provides protection for North American named storms and earthquakes.
-
At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
-
The Eiffel Re cat bond will provide coverage for European windstorms.
-
The carrier has announced several changes to its management committee before revealing its new strategic plan early next year.
-
The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.
-
Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
-
Prior to his new role, Mark Twite served as global head of reinsurance finance at Axa XL.
-
Axa also announced the launch of a group EUR1bn share buy-back scheme.
-
Peter Kiernan replaces Simon Penney, who is moving to an analytics role.
