Reinsurance
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AXA XL Insurance in Italy today announced it’s formed an Industry Professionals Team dedicated to the Food & Beverage sector.

The team, comprising underwriters, claims handlers and risk consultants, offers insurance coverages specifically designed to address the needs of the Food & Beverage sector, including:

  • Property all risks
  • General, product liability & recall
  • Environmental liability
  • Climate risks and parametric solutions
  • Marine and cargo

The Food & Beverage offering in Italy also includes risk mitigation services provided by AXA XL’s risk consulting team and BELFOR, AXA XL’s partner specialising in crisis management and incident response services for the Food & Beverage sector.

Commenting, Saverio Longo, Country Leader – Italy at AXA XL, said: “The Italian agri-food sector is one of the country’s leading industries, with a turnover of €143 million and €36.6 million of exports in 2020. And according to the Osservatorio Immagino GS1 Italy, which investigates the phenomena of consumption in our country, the appeal of Italian products continues to grow, recording a positive trend in 2020 (+ 2.1%) compared to 2019."

“From climate-related risks to supply chain and environmental risks, the industry faces very specific exposures, both in Italy and abroad. This team will support our clients and brokers with a holistic set of products and services.”