AXA XL swoops on Zurich for lead underwriter in Germany

AXA XL Insurance has expanded its underwriting capabilities with a new lead underwriter for political risk, credit and bond (PRCB) from Zurich.

Heiko Schlick has been appointed as lead PRCB underwriter in Germany.

He has 17 years’ experience in political risk and trade credit insurance. He joins from Zurich Credit Lines, where he was senior underwriter. He started his career in 2003 at Allgemeine Kreditversicherung Coface. He later joined Zurich Group Germany as a trade credit underwriter, before taking on the responsibility of Zurich credit and political risk for Germany.

Peter Knaus (pictured), country leader for Germany at AXA XL, said: “Germany is the third largest exporter and importer in the world. For large German multinational companies, most of which have historically been keen investors overseas, managing the risks associated with foreign trade is extremely important.”

He added: “I am pleased that we now have local expertise and are able to underwrite our clients’ risks out of Germany. Being closer to our brokers and clients means we can better understand the challenges they face and design solutions that precisely match their needs.”

Caroline Tran, product leader for PRCB in Europe, said Schlick “brings a wealth of experience in PRCB insurance solutions along with a deep knowledge of the German economy and insurance industry.”

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