AXA XL’s Post

Property and captives are a natural fit, according to Steve Bauman, global programs & captives director, Americas, AXA XL. “Companies have a long history of using their captives for property,” he said. “When a hard market comes about — and we’re in the throes of a hard market — that’s the perfect opportunity for insureds to use their captive for property.” #propertymarket #propertyinsurance #hardmarket #captives #captivesinsurance https://ow.ly/7PR450S2ekU

Being Self-Employed Shouldn't Be a Risk.In a world of uncertainties, AXA is redefining insurance for self-employment, empowering professionals to thrive without unnecessary risks. Join on this transformative journey as we celebrate resilience, innovation, and inclusivity in self-employment. With AXA by your side, the future is full of opportunities for growth and prosperity. Read more about our campaign and our commitment to making the world safer and fairer for all. #AXA #SelfEmployed #Insurance #Empowerment #Innovation

Interview with Dušanka Talić, General Manager, GrECo Group "One of the key focuses moving forward will be the further development of digital solutions that will allow our clients greater transparency, easier access to services, and personalised experiences." #EmpoweredWomen #Equality #FemaleLeader #Insurance #RiskManagement

CRC Group and Insurance Office of America are welcoming new talent in the Deep South! These additions are set to boost their services and grow their footprint in the region. Exciting developments are on the horizon for both companies! #CRCGROUP #InsuranceOfficeofAmerica #DeepSouth #NewTalent

Insurity is thrilled to honor Marsh as the Digital Experience Champion at this year’s Excellence in Insurance conference! This award recognizes Marsh for significantly improving digital interactions and user experiences for customers, setting new standards for digital engagement in the industry. Marsh’s innovative digital solutions, such as SentriskTM, MarshCargo, and MSurety, and use of AI-driven tools are enhancing customer and colleague experiences and redefining what’s possible in the digital age. This recognition is particularly significant as it marks 25 years of Insurity’s and Marsh’s relationship, a major milestone of collaboration and innovation. Together, we’ve revolutionized marine cargo insurance through solutions like CargoCover and the Insurity Marine Suite, driving efficiency, eliminating manual processes, and delivering exceptional value to customers. These platforms provide real-time visibility into cargo shipments, automate policy issuance, and enable seamless integration with supply chain systems, helping clients better manage risks and ensure compliance. Our shared commitment to innovation has transformed the marine cargo insurance industry, streamlining processes and enhancing value for clients worldwide, and we’re proud to celebrate the achievements of this relationship. Congratulations to Marsh on this well-deserved recognition!  #Excellence2024 #insurance #innovation

The insurance industry is expected to lose approximately 400,000 workers by 2026, placing pressure on industry leaders to find and invest in new talent, shares AXA XL's Derek Greenacre, MBA, CPCU. So what can the industry do to attract and retain top talent? #riskandinsurance #talentrecruitment #recruitment #talentshortage #insurance https://ow.ly/2omu50R8AFC

Property is now the fastest growing line of insurance written by captives managed by Marsh, with 29% more captives under management insuring the volatile line compared to the previous year. The Marsh Captive Solutions team, led by Ellen Charnley, presented their latest captive data at a #RISKWORLD captive lunch today, diving into domicile trends, reinsurance placements and trends in insurance lines. Patrick Donnelly, president of Marsh Specialty & Global Placement, opened the presentation by saying “fatigue” and “frustration” with the commercial market had led to the increased utilisation and innovation within captives. On the increasing property business going into captives, Michael Serricchio, said: “Property is the number one fastest growing coverage in our captives. Clients that are writing property are writing limits much higher than they were before, using quota shares and increasing retentions.” #captiveinsurance #globalcaptivepodcast #captiveintelligence https://lnkd.in/dCfaPbwV

#IBTV: The insurance industry has long struggled with attracting and retaining talent, a challenge now intensified by an ageing workforce. In the latest installment of the "Big Question" series, experts from AXA, Partners&, Travelers Europe, iCAN, Sedgwick, Weir Insurance Brokers Ltd, DUAL UK, and more discuss innovative strategies to address these pressing issues. How can the industry shake things up and attract new talent? Find out here: https://hubs.la/Q02Jb_tq0 #Insurance #TalentManagement #WorkforceChallenges #IndustryInsights

#BermudaRiskSummit Hello LinkedIn community, I recently had the privilege of attending the Bermuda Risk Summit held at the Hamilton Princess & Beach Club, Bermuda. Joined by Steve Reid, Global Leader, Broking at DXC Technology, the summit was an excellent opportunity to gain insights, hold discussions, and learn about exciting prospects for the future of the insurance industry, particularly in Bermuda. One of the key highlights of the summit was the momentum behind the London market digital transformation, specifically the Blueprint Two programme. As Head of Business Development at Velonetic, I couldn't help but feel the anticipation for the impact this transformation will have not only in London but also in related markets like Bermuda. With delivery gathering pace, we're eagerly anticipating the ripple effects in Bermuda's insurance landscape. Our discussions revolved around how Velonetic and DXC Technology can extend our services to Bermuda, be it through traditional manual processing standards we have been managing in the London market for over 22 years or the digital services scheduled for go-live in London. The Bermuda insurance market, known for its expertise in reinsurance, particularly in excess & surplus lines and captive business, presents a unique opportunity for us to offer our expertise and solutions. The recent trend of new reinsurers opening in Bermuda is due to favourable local laws, allowing businesses that work with US insurance clients to operate under a streamlined set of regulatory requirements. However, one notable gap in the Bermuda market is the absence of a central bureau or premium & claims settlement service, presenting an opportunity for innovative solutions and streamlined processes.

Captives are a solution to the lack of innovation. Martin South, president and chief executive officer, Marsh, was being interview by Penny Randall Seach, group chief underwriting officer, Zurich Insurance Company in a Global CEO fireside discussion at AIRMIC called ‘Global forces driving change: a future outlook’ Because the industry is not offering products that address clients’ needs as risks evolve, “some $25 billion of Marsh clients’ premium is now being retained using this form of risk transfer.“ In other news, insurer AXA is reorganizing US operations. Layoffs are expected. Meanwhile, Steel City Re has on offer a remarkably innovative original outcome-based solution to the most complex risk of all. It is a solution insureds have wanted since 2005, and it is backed today by Tokio Marine Kiln. #reputation #risk #resilience #letriskmanagersmanagerisk Martin South Penny Randall Seach Wyn Jenkins Newton Media Group Marsh Zurich Insurance Zurich North America AXA XL #captiveinsurance #insurancecaptives #innovation