AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September.
Effective January 1, 2020, in addition to leading AXA XL Reinsurance’s International region, John Welch, currently Chief Executive of AXA XL Reinsurance’s North America region, will become Chief Executive, Domestic Markets and will have overall responsibility for that business. The Domestic Marketsbusiness will focus on business placed locally by reinsurance brokers and AXA XL Reinsurance clients.
Welch, who has more than 30 years of industry experience, has held progressively senior roles since joining the company in 1999 after the NAC Re merger. Those roles have included Head of Casualty and Surety Underwriting, Chief Actuary, and President & CEO of XL Reinsurance America Inc. He also served as Strategic Planning Officer for Reinsurance.
The Global Markets business will comprise of AXA XL Reinsurance’s Bermuda and London platforms. As previously announced, the Global Markets business will be led by Rob Littlemore, currently Chief Executive, London Reinsurance, who will become Chief Executive, Global Markets.
Also, effective January 1, Christopher Buse, currently Head of Casualty Reinsurance in North America, will become Chief Underwriting Officer of AXA XL Reinsurance North America.
Buse, has more than 30 years of experience in the North America market, as well as broad technical expertise and strong client and broker relationships. He, along with Bertrand Romagne, Chief Underwriting Officer of AXA XL Reinsurance International, will be responsible for managing the day-to-day underwriting of the Domestic Markets business. Both Buse and Romagne will report to Welch.
In addition to this, based on their broader roles and experience, Buse, along with Paul Simons, Head of Property, Global Marketswho will also become Head of Bermuda Reinsurance and Marcus Gonzales, Head of International Casualty who will become Head of London Reinsurance – both to report to Littlemore, have all been appointed to AXA XL’s RLT. The RLT is led by Charles Cooper, Chief Executive, Reinsurance at AXA XL and includes Welch, Littlemore and Romagne as well as other Reinsurance leaders.
Source: AXA XL