As the flurry of insurers announcing their financial results for the full year 2019 continues, headlines are generally stolen by whether or not profits have surged or slumped. However, in the case of AXA Group, the insurance giant managed to steal its own thunder with the announcement of a new CEO for one of its most high-profile units.
Scott Gunter, previously a senior vice president at Chubb Group and president of its North America commercial insurance division, has been named the new CEO of AXA XL. He will step into the role held by Greg Hendrick, who the insurer noted had decided to “pursue opportunities outside the group.”
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