AXA XL bolsters global marine liabilities leadership

Re/insurer  AXA XL has bolstered its global marine liabilities leadership with a new appointment.

Stephen Clark (pictured) will assume the new role of marine liabilities global practice leader in addition to retaining his responsibilities as North America hull and liabilities practice leader. He will be based in Chicago.

Clark joined AXA XL in 2017 to head its marine hull & liabilities business in North America. Prior to that, he served as vice president of ocean marine business at CNA.

Anne Marie Elder, global chief underwriting officer for AXA XL's marine insurance business, said: "Since joining our team in 2017, Steve has done a tremendous job steering our North America marine liabilities book of business in the right direction. Now, in his new responsibilities, he'll put his 30 years of marine underwriting and management expertise to work for us on a global basis.

"Working with our marine teams in each region, Steve will help us drive consistency of our practices, products, and pricing across our Marine liabilities business worldwide."

AXA XL's global marine business provides insurance for clients with special coverage needs for their marine exposures, including inland marine, ocean cargo, blue and brown water hull, P&I, as well as excess and primary marine liabilities. Risks are written on both a primary and an excess of loss basis.

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