Product Family

Our Healthcare and Life Science Industry Practice Group (IPG) has been designed specifically with your clients’ needs in mind. The IPG brings together our experts from Claims, Risk Consulting and Underwriting to leverage industry insight for you and your clients. Our product suite, depth of expertise and innovative spirit allow us to analyse and to monitor the developments in healthcare & life science to help your business to prepare and position for the future.

The global perspective and local experience of our IPG members – underpinned by our strong balance sheet, financial ratings and worldwide operations, offer a robust and secure offering.

For us, it is imperative to be informed, insightful and agile to current risk themes within the industry.

Understanding your industry

In order to truly assist your business we pride ourselves on being at the forefront of understanding and responding to the latest developments in the industry. Our IPG members uphold their expertise through continuously engaging in professional events and development, dedicating their time to the key issues in Healthcare & Life Science.

It is crucial for us to stay connected to the Healthcare & Life Science fields, and monitor and assess developments in these industries closely. Our IPG members keep abreast of the key development areas within Healthcare & Life Science. For us, it is imperative to be perceptive, informed and agile to the industry risk themes.

Key industry challenges

Our practice group members remain connected to all key developments facing healthcare and life science. Some of the current areas of focus include:

Two researchers with one woman with a microscope in a conversation
Biotechnology, Life Science & Contract Research Organisations
Biotechnology products are expected to contribute steadily to sales, rising to 52% of the top 100 product sales by 2024, from 49% in 2017. In 2019, biotech is forecast to represent 27% of the global market and by 2024, 31%.
EKG lines on a monitor for Industry Practice Groups
Equipment, Supplies & Technology
In this sub-industry, clients face the challenge of mass tort or other product liability litigation, mainly for design defects and labelling, and the challenge of increasing regulatory requirements.
A doctor checking the pulse of a patient for Accident and Health
Healthcare Providers & Services
Telehealth – Consumer adoption has skyrocketed, from 11% of US consumers using telehealth in 2019 to 46% of consumers now using telehealth to replace cancelled healthcare visits. 76% of consumers say they would use telehealth going forward. Up to $250 billion of current US healthcare spend could potentially be virtualised.
COVID-19 Vaccinations packed and prepared on a table for Healthcare and Lifesciences
The new Global Health Risk Facility (GHRF) is a highly collaborative undertaking that insures the transportation and storage of COVID-19 vaccines and other critical health commodities for the benefit of low, middle and upper-middle-income countries. The GHRF has been developed by Parsyl, a Lloyd’s Lab alumni, in close partnership with AXA XL, Ascot and McGill and Partners. AXA XL will lead the risk management and local policy implementation.
White tablets kept on a blue table for healthcare and life science industry practice groups
We will be analysing key trends across this active industry space, including:
  • -Pharmaceutical manufacturers movement to a domestic production model for active ingredients.
  • -Increased use of self-insurance.
  • -Tighter regulations, harsher price controls and greater government scrutiny are expected to continue.
  • -Closer collaboration with pharmaceutical regulators.
  • -Rise in pharmaceutical company development of pharmacological or biological therapies.
For us, it is imperative to be informed, insightful and agile to current risk themes within the industry.

Download our Healthcare & Life Science Broker playbook

For a more in-depth overview of the added value our IPG brings, including an outline of the key risk considerations for your business download our playbook below.

Meet the Industry Practice Group – A wealth of experience across Underwriting, Claims, Engineering and Distribution

A headshot of Bristow
Stephanie Bristow (UK)
Class Underwriter, Healthcare London
11 years in insurance. Stephanie started at Hiscox in the Healthcare Claims team before moving to Underwriting in 2014 and joined AXA XL in December 2019 as Class Underwriter for London Wholesale Healthcare.
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Acacia Chiappa (Bermuda)
Excess Casualty Underwriter
Eight years in insurance. Acacia started at Aon in Excess Casualty focusing on rail, energy, transportation & healthcare. She spent one year on the Casualty & Property Reinsurance broking team prior to making the jump to underwriting.
A headshot of James Martin
James Martin (UK)
Head of Client Management and Business Development, Americas
A Chemical Engineer by training, James has worked in insurance for 23 years both as a broker and an insurer. Notable clients in the sector include ICI, Astra Zeneca, GSK, Boots, BUPA and Halma.
A headshot of Brown
Julian Brown (US)
Claims Manager, Surplus North America
25+ years in insurance, mainly in Claims. Julian has managed 5 different claim teams while at AXA XL, including the Medical Malpractice Group.
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Luisa Mazzariol (Switzerland)
Casualty Risk Engineer
Six years as a Casualty Risk Consultant at AXA XL. Pre-risk consulting Luisa worked in Quality for Johnson & Johnson, Swiss and UK hospitals, a biotech start-up, as pharmacy shop manager, in synthetic organic chemistry. Currently pursuing a postgrad degree in ‘Medicines and Medical Devices in Emergency and Disaster’.
A headshot of Werdehausen
Marc Werdehausen (Germany)
Casualty Senior Underwriter
Worked for AXA XL since 2016 as Senior Casualty Underwriter & Life Science Practice Leader for Germany. Mark worked at Chubb for 11 years and was also Life Science Practice Leader for Germany.

A headshot of Liu
Sharon Liu (China)
Property Senior Risk Engineer
12 years in loss prevention. Sharon has worked with noteworthy clients like Pfizer, Roche, Boehringer Ingelheim & Gilead. At GE, she worked in healthcare, aviation & transportation, from site to country EHS manager.
A headshot of Rahman
Suneesha De Silva-Rahman (Austria)
Casualty Underwriter
Holds a UK Law degree and postgrad degree from Oxford University. Casualty Underwriter for 9 years, writing risks from clinical trials to medical manufacturers and pharma risks, largely focused on Austrian & Turkish markets.
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Thomas Noeckel (Germany)
Property Senior Underwriter
Civil engineer by training and has worked as a Risk Engineer for 10 years, providing risk improvement solutions to hospitals & pharmaceutical companies, before becoming a Property Underwriter 5 years ago.
A headshot of Vanderzijdin
Thomas van der Zijden (Belgium)
Senior Property Risk Engineer
Holds a double engineering degree (chemical engineering & biotechnology) and started his career at French oil major Total. Thomas has worked for AXA XL since 2009 and is currently Senior Loss Prevention Consultant for most pharma majors.
$400m Global Premium

AXA XL wrote $400m of healthcare & life science premium globally in 2019 (Retail and Wholesale Casualty only)

>10,000 Clients

within the vertical – across all lines produced by UK & Lloyd’s

723 Surveys

to Healthcare & Life Science clients globally in 2019

Related Resources

A doctor checking the pulse of a patient for Accident and Health
Accident & Health
As experts in the provision of group personal and business travel accident insurance, we deliver solutions for your business to protect your greatest asset, your employees.
A red umbrella held by a person standing on the road for Casualty
We have a broad appetite across the retail and wholesale markets for General Liability, Employers Liability, Environmental and Medical Malpractice.
A line of cars parked in row
We have a wealth of experience in the sector and a broad appetite for all life science companies, excluding patient transport.
Blue white capsules spilled on a white table for product recall healthcare and life sciences industry practice groups
Product Recall
Covers available include product recall (for topical and indigestible products), with a focus on finished product medical devices and generic pharmaceuticals.
A group of buildings shot from bottom with sky showing from the center
Let us use our significant experience in the retail and wholesale property markets to mitigate your property risks.

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy wordings for specific coverage details. AXA XL is a division of AXA Group providing products and services through three business groups: AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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