AXA XL, the property & casualty and specialty risk subsidiary of AXA has announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market on a permanent basis, subject to regulatory approval.
McGovern had been operating in this role on an interim basis for several months and has now been confirmed on a permanent basis.
As well as serving on the leadership team of AXA XL having joined XL Group back in 2016, McGovern has led the claims, legal & compliance and regulatory & government affairs functions. The firm states that he also played a vital role in the merger of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin and the formation of AXA XL.
McGovern has a deep understanding of AXA XL’s global business and holds a strong reputation within the London and Lloyd’s market. Prior to joining XL Group, McGovern held a number of senior positions at Lloyd’s, having joined in 1996 from Clifford Chance.
In 2002, he was appointed director and Lloyd’s general counsel, with global responsibility for Lloyd’s legal, regulatory and government affairs. In 2014 he was named as the Lloyd’s market’s first chief risk officer and member of the Franchise Board.
At present, McGovern is a board member of the Lloyd’s Market association, is also a non-executive board member of TheCityUK and served as chairman of its International Trade & Investment Group.
Scott Gunter, AXA XL CEO said: “Sean’s deep understanding of AXA XL’s business, coupled with his significant knowledge and experience of the London and Lloyd’s market position him ideally to lead our UK and Lloyd’s presence. Over the course of the last few months, Sean has proven his ability to put our clients and brokers at the heart of what we do and to balance strategic thinking with the day-to-day requirements needed to fulfil this important leadership position.”
Adding: “Sean’s appointment is a key step as we assemble the right team to drive AXA XL forward. Our new regional CEOs and structure will make us a simpler organisation to navigate, meaning that decisions can be made faster in country and we can continue to serve our clients to the very best of our ability.”