AXA XL Insurance has announced the appointment of Adele Smith as the head of mid-market generalist as part of its ongoing efforts to expand its targeted US mid-market insurance business.
Based in New York, Smith will be responsible for developing the underwriting unit that provides multi-line property/casualty insurance for mid-sized generalist businesses in the United States. She will report to Matt Waters, head of US mid-market at AXA XL.
“In the U.S., we've taken a very targeted approach in launching our mid-market capabilities. Having launched our private equity business successfully July 1, I'm very proud of the team's progress and the market excitement it's generated,” Waters said. “Now, while maintaining our focus on target industries, relationships, and account level quality, we're excited to bring Adele onboard to further expand our capabilities.
“With her emphasis on the market, proven leadership and attention to disciplined growth, along with her deep broker partnerships with our largest trading partners in the Northeast, Adele will help us take this next step as we continue to build out our team, initiate generalist capabilities and continue to scale up our mid-market business,” he said.
Smith joins AXA XL from CNA, where she currently oversees a $500 million profit and loss for mid-market business in New York.
Smith is the latest addition to AXA XL’s roster. Last month, the company announced the appointment of Renaud Guidée as CEO of its reinsurance division. In May, AXA XL named Vicky Roberts-Mills head of energy transition.
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