AXA XL has appointed Sam Cheng (pictured above) as its new head of financial lines, Hong Kong.
In this role, Cheng will lead the development and growth of International Financial Lines (IFL) in Greater China and help re-establish AXA XL's presence in the region, collaborating with AXA Hong Kong on a joint market approach to provide a comprehensive solution for all Financial Lines products.
Based in Hong Kong, Cheng brings over two decades of P&C insurance industry experience to AXA XL, having held roles in underwriting, brokering, marketing and management in financial lines and trade credit. He has worked at a number of organisations across Asia, including Starr Insurance Companies, AIG, Marsh McLennan, and Aon Risk Solutions.
Prior to joining AXA XL, Cheng was the general manager of Lion International Insurance Service, formerly Capital Gateway Insurance Service, in Taiwan. He served as vice president of Nanshan General Insurance Company before that.
A LinkedIn post announcing the appointment welcomed Cheng to AXA XL, with comments from different members of the organisation.
“Excited to develop our financial lines portfolio in Greater China with your experience and expertise,” said AXA Hong Kong corporate business director and AXA XL country manager Jamie Chambers.
News of Cheng’s appointment comes after AXA XL appointed Marine Charbonnier as head of captives and facultative underwriting for the Asia-Pacific and Europe business unit.
“Interest in captives has risen sharply over the last three years, with our clients either owning, growing or looking to open a captive,” said Etienne Champion, AXA XL chief underwriting officer, APAC & Europe in January. “They are a strategic risk management tool for our clients and an area of growth for our business.”
