AXA XL adds new coverages to protect lenders from pollution and remediation legal liability

Exton, PA - January 29, 2026

AXA XL has added new coverages to its pollution and remediation liability insurance for lenders, further protecting them from losses in the event of a loan default.

The Protective Environmental Asset Coverage Enhancement (PEACE) endorsement, which can be added to AXA XL’s flagship Pollution and Remediation Legal Liability (PARLL) policy, is specifically designed to provide lenders with an added layer of protection against security risks arising from pollution conditions at a covered location.

It pays for a mortgage impairment loss as a result of a pollution condition on, at, under or migrating from a covered location provided that a loan default has occurred during the policy period.

The new PEACE endorsement adds additional coverages, including:

• lender coverage for the lesser of the loan balance or clean-up cost in the event of a loan default;
• business Interruption in relation to a pollution condition after a foreclosure;
• bodily injury and property damage before a default scenario;
• ·non-owned disposal sites and contingent transportation coverage;
• remediation expense after a foreclosure;
• emergency remediation expense after a foreclosure; and
• diminution in value after a foreclosure.

“As a leader in environmental insurance for more than 35 years, AXA XL is committed to providing solutions that help our clients in the face of risk,” said Brett McGovern, Senior Underwriter, Environmental Pollution, and PEACE product leader at AXA XL. “Offering additional coverages to mortgage lenders, banks or lending institutions will help to protect their investments and support economic growth.”

AXA XL offers Primary and Excess Casualty coverages, including General Liability, Commercial Auto, Worker’s Compensation and Commercial Umbrella, for both domestic and international operations, across most industries and regions.

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ABOUT AXA XL

AXA XL 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 XL INSURANCE

AXA XL 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