AXA XL has announced the promotion of Scott Dalton to head its energy property insurance business in the Americas.
“AXA XL’s reputation and experience in handling complicated industrial risks, like those faced by energy businesses, is well known,” said Michele Sansone, chief underwriting officer for property at AXA XL. “It’s underwriting experts like Scott, and his 25 years of experience helping address energy companies’ needs, that has helped build that reputation. We’re excited to see Scott step into this leadership role as we continue to meet the property protection needs of energy industry leaders.”
Dalton previously served as a senior underwriter. In his new role, he will assume underwriting management responsibility for AXA XL’s book of property insurance for energy businesses, including oil and gas, power generation, process industries, and chemical companies. Dalton joined AXA XL in 2006.
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In October, AXA announced new policies limiting exposure in its investment and underwriting portfolios of unconventional oil and gas activities, and ceasing to underwrite new insurance coverage for new upstream oil greenfield exploration projects or projects in place where there has been minimal or no previous exploration. AXA continues to underwrite insurance for energy “transition leaders” – oil and gas companies with robust plans to achieve net-zero emissions.