New global chief underwriting officer for marine at AXA XL
Neil Cole has been promoted to global chief underwriting officer, marine, at AXA XL, effective 1 April.
He was previously global head of underwriting management and deputy chief underwriting officer, marine. In his new role, Cole will work to set the strategic direction and support the development of AXA XL’s marine portfolios.
Cole will sit within AXA XL’s global chief underwriting office, which works with AXA XL’s regional underwriting teams to support profitable growth, assisting with pricing, risk aggregation and global product strategy, said the insurer.
Based in London, Cole will report to Anne Marie Elder, global chief underwriting officer, specialty. Elder, said: “The marine transportation industry is undergoing significant change. Our clients are using increasingly large vessels while exploring greener fuel as part of their decarbonisation efforts. They’re also making headways in the use of new technologies, including artificial intelligence. As a result, our marine clients are facing new risks and are turning to us to help them better understand and manage those.”
She added: “With a career spanning more than two decades, a deep knowledge of our industry and the respect he’s earned over the years, Neil is an ideal candidate to support our regional underwriting teams and drive the profitable development of our marine portfolio.”
Cole has 25 years of experience in the marine industry, including ten years at AXA XL. He started his career in claims before moving into underwriting and specialising in international marine markets.
