Former Navigators Group Inc. underwriter Andrew Dicob has joined rival Axa XL, a division of Axa SA, as leader for the U.S. Northeast region on the excess casualty insurance team, Axa XL announced Tuesday.
He replaces Lou Forte, who has been appointed executive underwriter for excess casualty insurance, North America for Axa XL.
Mr. Dicob will be based in New York and report to Donnacha Smyth, president of global excess casualty, the statement said.
Previously, Mr. Dicob was vice president of commercial insurance underwriting at Navigators Management Co. and managed the insurer’s New York and New Jersey book of umbrella and excess casualty accounts within the Northeast region, the statement said.
Hartford Financial Services Group Inc. agreed to buy Navigators last year.
French insurer Axa S.A.'s subsidiary Axa XL has completed the acquisition of all third-party ownership interests in Bermuda-based New Ocean Capital Management Ltd., The Royal Gazette reports. New Ocean has been absorbed into Axa XL’s alternative capital business. During the transition period, Chris McKeown, the founding CEO of New Ocean, will continue to serve as an advisor to Axa XL's alternative capital business. He will also continue to serve as a director of certain New Ocean managed funds.