AXA XL insurance today announced that Simon Hearn has been promoted to Chief Underwriting Officer for London Market Wholesale.
In his new role, Mr. Hearn will lead AXA XL’s Property & Casualty London wholesale business. He will be responsible for developing core underwriting strategies and product profitability to help the business unit achieve its financial and long-term objectives.
Mr. Hearn will take up his new position on 1 August 2019. He will continue in his role as Head of Life and Wholesale Accident & Health until 1 January 2020, to ensure the smooth handover and transition of his current responsibilities. Mr. Hearn is also the Active Underwriter for Syndicate 3002.
Mr. Hearn has more than 30 years’ experience in the insurance and reinsurance industry. Having begun his career as a life and health underwriter at Black Horse Financial Services, he undertook similar roles at AIG Life and Swiss RE, before becoming a client manager for client markets at the latter in 2006. In 2009, Mr. Hearn joined AXA XL, where he has held several senior positions, most recently as Head of Life and Wholesale Accident & Health/Active Underwriter for Syndicate 3002.
Speaking about the appointment, Neil Robertson, Chief Executive of Global Specialty, said: “During his time at XL Catlin and now AXA XL, Simon has built a strong reputation as a business leader with extensive experience in the Lloyd’s Wholesale market. Simon has, through his tenure as Active Underwriter of Syndicate 3002, first-hand experience of the nuances and opportunities that the Lloyd’s market affords AXA XL.
“I’m therefore delighted that Simon has accepted the opportunity to lead our London-based Wholesale Property and Casualty business, which is a considerable and important part of our operations at Lloyd’s. Simon will assume the leadership of a talented group of experienced underwriters who are very much leaders in their marketplace and I’m certain that this combination positions us well for success.”
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.