AXA XL announces new reinsurance head

AXA XL announces new reinsurance head | Insurance Business New Zealand

AXA XL announces new reinsurance head

AXA XL has announced the appointment of Nancy Bewlay as chief executive of reinsurance. Bewlay succeeds Charles Cooper, who is stepping down after more than 20 years as a senior executive in the company’s reinsurance business.

In her new role, Bewlay will lead AXA XL’s reinsurance business. With a global footprint and a strong balance sheet, AXA XL is among the world’s leading reinsurers, offering property, casualty and specialty reinsurance.

Bewlay has more than 30 years of industry experience, and has held numerous senior roles at XL Catlin and later AXA XL. Most recently, she served as global chief underwriting officer, responsible for AXA XL’s underwriting governance, pricing and P&L globally. Bewlay joined XL Catlin, now AXA XL, in 2017 as global chief underwriting officer for casualty. Before that, she served as head of underwriting for casualty at Swiss Re. from 2011 to 2013, Bewlay served as president and CEO of C.V. Starr & Company (California).

“I am delighted that Nancy will be taking on a new role in my team for our reinsurance business,” said Scott Gunter, CEO of AXA XL. “We have an extremely talented team across reinsurance, and there is real opportunity to grow profitably in this market. Nancy is an accomplished leader, and her extensive experience in portfolio management, underwriting governance and pricing will ensure the continued performance of our reinsurance book.

“I would like to take this opportunity to warmly thank Charles for his dedication and pragmatism in leading our reinsurance business,” Gunter said. “He has played an important part in our AXA XL journey, and we wish him the best for the future.”