AXA XL bolsters political risk, credit & bond risk management business

Re/insurer  AXA XL has bolstered its political risk, credit & bond risk management (PRCB) book of business with a key appointment.

Dane Mahoney (pictured) has been promoted to global head of PRCB, based in New York. In his new role, Mahoney will define, monitor, and steer risk appetite for the PRCB team as part of the execution and development of the global underwriting strategy for the group.

Mahoney will also be in charge of leading portfolio management and analysis of the overall PRCB book of business.

He will report to Rafael Docavo-Malvezzi, global chief underwriting officer for PRCB and lead a team of global risk analysts across the Americas, Asia, and the UK.

Mahoney began his tenure at AXA XL in 2013 as a risk analyst for political risk and trade credit. During this tenure with the company, he has helped build the global risk management team into an industry-leading data, analytics, and risk management practice.

AXA XL underwrites PRCB coverages to large organisations on a global basis. This class includes political risk insurance, credit insurance covering the non-payment of debt obligations and providing commercial bonding requirements around the globe.

Docavo-Malvezzi said: “With more than a decade working in the financial and insurance sectors, Dane is an expert risk manager and global market analyst. He is a strategic and analytical thinker and will be a thoughtful partner to our underwriting, actuarial and client-facing colleagues across all regions where we do business.”

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