ANT: former AXA XL duo launch new specialty cell and ILS vehicle.
ANT’s new insurance and ILS cells see opportunity in upheaval. Jonathan Beck, the launch’s founder and CEO, explains the ethos behind the new platform.
Early in June, AXA XL’s Jonathan Beck and Richard Spurrier announced the launch of a new business, ANT, with two cells: ANT Exceptional Risks, a specialty insurance cell; and ANT Insure, a special purpose insurance-linked securities (ILS) vehicle.
According to Beck, the chief executive officer and chief underwriting officer for ANT (Spurrier acts as chief operating officer), the pair have been “blown away” by support since the launch.
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