axa_istock-519355674_koufax73
istock_koufax73
23 July 2019Insurance

AXA XL promotes Hearn to chief underwriting officer for London Market wholesale

AXA XL insurance has appointed Simon Hearn to chief underwriting officer (CUO) to lead its property & casualty London wholesale business.

Hearn will be responsible for developing core underwriting strategies and product profitability of the business unit. He will take up his new position on 1 August 2019.

Hearn will continue in his role as head of life and wholesale accident & health until 1 January 2020, to ensure the smooth handover and transition of his current responsibilities. Hearn is also the active underwriter for Syndicate 3002.

Prior to joining AXA XL in 2009, Hearn has worked for Swiss Re, AIG Life and Black Horse Financial Services.

“During his time at XL Catlin and now AXA XL, Simon has built a strong reputation as a business leader with extensive experience in the Lloyd’s Wholesale market," said Neil Robertson, chief executive of global specialty. "Simon has, through his tenure as Active Underwriter of Syndicate 3002, first-hand experience of the nuances and opportunities that the Lloyd’s market affords AXA XL.

“I’m therefore delighted that Simon has accepted the opportunity to lead our London-based Wholesale Property and Casualty business, which is a considerable and important part of our operations at Lloyd’s. Simon will assume the leadership of a talented group of experienced underwriters who are very much leaders in their marketplace and I’m certain that this combination positions us well for success.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Hiscox appoints new ILS leader as Lowther departs
ILS COO Richard Lowther, who helped drive growth to $1.5 billion AUM, has left the firm.

Insurtech Gateway launches in Australia with £30m funding pot 
The insurtech incubator is exploring partnerships in Asia, North America and Central Europe.

Reinsurer urges market to ‘redefine boundaries’ on cyber war
The historically well-defined line between excluded acts of war and covered perils has become blurred in the context of cyber.

Save £600 with the Intelligent InsurTECH Europe Super Early-Bird rate:  Book now

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
26 July 2019   Insurer AXA XL has partnered with insurtech managing general underwriter (MGU) Vindati to offer Ocean Cargo insurance for small and middle-sized businesses in the US.
Insurance
29 July 2019   Re/insurer AXA XL has made three key appointments to its London reinsurance team from Hiscox and Greenlight.
Insurance
30 July 2019   AXA XL Insurance has appointed Simona Fumagalli as head of international financial lines, Europe, based in Milan.