Axa XL
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Dane Mahoney, who has been with Axa XL since 2013, will lead a team of global risk analysts and develop the global underwriting strategy.
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The carrier has also promoted internally for a new leader of its US political risk, credit and bond team as it continues to staff up the division.
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Sources say the pipeline operator has at least $15mn in cyber insurance cover.
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Axa France says it will continue to reimburse policyholders for breach response costs.
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The former financial lines CUO will start at the end of the month and be based in Switzerland.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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Gunter expects hard market to continue, sustained by cats and social inflation.
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Allianz and Axa take key roles in $600mn fundraise by FinTech Stripe$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.
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Yosha DeLong will be cyber underwriting head, whilst James Tuplin will be international head of cyber underwriting.
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Matthew O'Malley will report to Joe Tocco, CEO of Axa XL Americas, in a move that follows a series of changes made in October.
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Finance minister Nirmala Sitharaman said the government will lift the foreign direct ownership cap from 49% to 74%.
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