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AXA XL today announced the appointment of Markus Posberg as Chief Underwriting Officer, Property, Construction & Energy for APAC & Europe. He will be based in Cologne, Germany.

In his new role, Mr. Posberg will oversee the underwriting strategy for Property, Construction & Energy across Europe, Asia and Australia.

Adias Gerbaud, Chief Underwriting Officer, APAC & Europe, AXA XL, commented: “Across Europe, and increasingly across APAC, significant investment in energy and digital infrastructure, including the rapid growth of data centres, is creating a new generation of complex, interconnected property risks. At the same time, evolving climate-related risks are increasing the need for resilience. In this context, businesses are turning to their insurers for specialist underwriting expertise, robust risk analysis and long-term collaboration to manage these exposures.

“Markus brings extensive technical experience, together with a proven ability to build and inspire high-performing teams across borders. I am confident he will strengthen our Property, Construction and Energy capabilities in Europe while supporting our ambitions across the wider APAC & Europe region.”

Laurent Richème, Global Chief Underwriting Officer, Property, AXA XL, added:“Property, Construction and Energy is one of AXA XL’s largest and most established lines of business globally, with APAC & Europe playing a key role in its continued growth. Markus brings the technical expertise and leadership needed to support our global Property, Construction and Energy platform.”

A Fellow of the Chartered Insurance Institute (FCII), Mr. Posberg has more than 30 years’ experience in commercial property, construction and energy insurance. He joined AXA Corporate Solutions in 2018 and has served as Head of Underwriting for Germany since 2021, with responsibility for the German Property, Construction and Energy portfolio. Before joining AXA Corporate Solutions, he held senior underwriting and leadership roles at QBE, MONTAN and HDI.

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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.