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.”

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