AXA XL Insurance today announced that Steven Farr has been promoted to Global Head of Upstream Energy, effective immediately.
In his new role, Mr. Farr will lead AXA XL’s Global Upstream Energy team. Based in London, he will be responsible for developing the Upstream Energy book, expanding on and delivering underwriting strategy and product profitability.
Huw Jones, Chief Underwriting Officer for Global Energy at AXA XL, commented: “Upstream Energy is an integral part of AXA XL’s business, and having the right team in place is central in supporting our clients as they navigate the wide spectrum of traditional and emerging risks faced by this sector.
“I’m delighted that Steve will be undertaking the role of Global Head of Upstream Energy. He has considerable experience of underwriting upstream energy risks and has built up a stellar reputation in the market thanks to his close relationships and technical expertise.
“Steve’s appointment is a testament to the talent we have within the Global Energy team here at AXA XL; I have every confidence he will succeed in this new role and continue to be a strong partner to our clients and brokers across the world.”
Mr. Farr ‘s career began in 2002, in claims at Liberty Syndicates. A year later, he moved to Wellington Underwriting, where he later undertook the role of UK Property and Liability Claims Adjuster. He joined Catlin Underwriting Agencies Ltd (now AXA XL) in 2007 following the acquisition of Wellington as a claims adjuster within the Global Energy team, where he held several claims and underwriting roles, before being made Energy Class Underwriter in 2012.
ABOUT AXA XL
AXA XL1, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com
ABOUT AXA XL1 INSURANCE
AXA XL1 Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com.
1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting.