AXA XL, the reinsurance division of AXA has announced the reshuffle of its leadership team for its UK and Lloyd’s region, effective immediately.
AXA XL stated that the appointments are part of the proposed changes for a new operating model that would see the establishment of a single global insurance underwriting function and three geographical business units.
This included the creation of the UK & Lloyd’s market unit where Sean McGovern was appointed CEO.
AXA XL has announced the client-facing leadership team for this division, which includes the appointment of Elie Hanna as chief distribution office, UK & Lloyd’s. In this role, he will be responsible for developing and leading the execution of the firm’s “go to” market, trading and external marketing and communication strategies.
Hanna brings extensive insurance industry experience, having spent more than a decade at AIG underwriting, country management and senior distribution roles in London and across the Middle East.
He joined AXA in 2016 where he worked as global head of mid-market and broker engagement. Most recently, he served as global head of broker management at AXA XL.
Luis Prato has been appointed as chief underwriting officer (CUO), UK & Lloyd’s. Prato will be tasked with defining the underwriting strategy and risk appetite for the business unit in conjunction with the global chief underwriting officer. He joined AXA XL (then Catlin) in 2008 as head of downstream energy UK & Ireland. In 2016 he was promoted to head of UK energy and regional product leader for UK & Ireland, before being promoted to CUO for the UK region and legal entities in September 2019.
Additionally, Martin Tuner has been named as chief claims officer, UK & Lloyd’s. In this role, he will be responsible for the day-to-day leadership of the claims handling teams, including overseeing technical expertise and local market knowledge in the region. Turner joined AXA XL formerly (Brockbank Syndicate Management) in 1988, where he has remained through numerous merger and acquisitions. He has held several senior positions during his tenure, most recently he was head of UK and global specialty claims.
McGovern commented: “I am pleased to announce the new Leadership Team for the UK & Lloyd’s region. This is the latest step in our journey to optimise our structure by striking the right balance between local and global, in order to ensure we serve our clients and brokers to the best of our ability.
“This Leadership Team is filled with highly experienced individuals who I’m confident will help to ensure we are the insurance partner of choice in this important region.”