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XL makes executive changes following purchase by Axa

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XL makes executive changes following purchase by Axa

XL Group on Monday announced executive changes and other moves associated with the company’s integration after its purchase by Axa S.A.

France’s largest insurer in March agreed to buy XL Group for $15.3 billion.

In a letter signed by Mike McGavick, CEO of XL Group, and Greg Hendrick, president and COO of XL Group, the company listed several executives, some of whom will take on new roles, others who will maintain their positions and some who will leave the company.

Neil Robertson, chief executive for insurance underwriting, will become chief executive for global specialty. Jason Harris, currently chief executive for international insurance, will become chief executive for global property and casualty.

Joe Tocco will remain as chief executive for North America insurance, reporting to Mr. Harris, while Doug Howat has decided to leave the company, all effective July 1.

Reinsurance will continue to be led by Charles Cooper.

Kelly Lyles will continue as chief executive for client and country management while adding communications and marketing responsibilities after the departure of Paul Jardine.

Underwriting capital management, including ceded re and alternative capital, will continue to be led by Mark Van Zanden, currently chief executive of property and casualty underwriting capital management.

Brent Hoffman will continue to lead claims.

A new data and analytics group will be led by Paul Shedden, chief executive of insurance pricing and analytics, and will include strategic analytics, led by Kim Holmes, enterprise data efforts, led by Henna Karna, and Accelerate, led by Vincent Branch, effective July 1.

Paul Brand, who currently is leading Accelerate, plans to leave the organization at the end of June.

Also leaving the company at or shortly after the close of the transaction will be Susan Cross, XL’s chief actuary, Kirstin Gould, XL’s general counsel, Paul Jardine, XL’s chief experience officer, and Eileen Whelley, XL’s chief human resources officer.

Some executives will assume new responsibilities.

Steve Robb will continue as CFO and will oversee investments, led by Andre Keller. Mr. Robb is also expected, upon Ms. Cross’s departure, to oversee actuarial reserving, to be led by Jean-Luc Allard, currently head of reserving & group financial reporting.

Sean McGovern, XL Catlin’s chief compliance officer and head of regulatory and government affairs, is expected to add to his current responsibility for compliance, leadership for claims and legal after the departures of Mr. Jardin and Ms. Gould.

Nikki Gonzalez, senior human resources business partner, is expected to lead human resources after the departure of Ms. Whelley.

Myron Hendry will continue as chief platform officer until close and will continue to lead the integration from the XL Catlin side for a period following the closing.

Adi Spieler will continue as chief platform officer for insurance until close and then is expected to take a new role within Axa Group.

Some senior Axa executives will take on new roles.

Matthieu Caillat, CEO of Axa Corporate Solutions France and deputy global CUO of Axa CS, will take on the additional responsibility of preparing the outline of a future COO function, together with XL Catlin’s Mr. Hendry and Mr. Spieler.

Noel Richardson, group head of life, savings and health insurance and risk management at Axa, will be responsible for designing the outline of the future risk management function, together with XL Catlin’s Fid Norton.

Doina Palici-Chehab, executive chair of Axa CS, Axa Art and Axa Matrix, will take on the additional role of chief integration officer responsible for overseeing the integration planning process, reporting to Thomas Buberl.

Rob Brown, CEO of Axa CS, will take on additional responsibility supporting integration planning as senior adviser, reporting to Ms. Palici-Chehab, executive chair of Axa CS, Art and Matrix.

Alison Black, head of human resources for Axa CS, reporting to Mr. Brown, will take on the additional responsibility of human resources development supporting the integration for Axa, reporting to Karima Silvent, Axa Group head of human resources.

 

 

 

 

 

 

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