AXA XL appoints new CUO, Marine, Energy & Aerospace, UK & Lloyd’s market

AXA XL Insurance has announced that Peter Welton has been appointed CUO, Marine, Energy & Aerospace, UK & Lloyd’s market, effective immediately.

In his new role, Mr. Welton is responsible for developing and executing the underwriting strategy for the UK marine, energy & aerospace books and optimising product offering and profitability.  He will lead a team of underwriters in London.

Luis Prato, Chief Underwriting Officer, UK & Lloyd’s at AXA XL, commented: “I’m delighted that Peter will be taking on responsibility for our London-based marine, energy & aerospace business, which is an important part of our operations in London. Having the right team in place is an integral part of our commitment to support our clients as they manage the risks they face today and in the future.

“Peter has excelled in his role as UK Head of Energy and has built up a strong reputation both within AXA XL and the wider insurance market. His high level of technical expertise and knowledge will further strengthen our proposition and help to ensure we are the insurance partner of choice in this important region. His appointment is also a demonstration of the depth of talent we have at AXA XL.”

Mr. Welton’s career began in 2000, when he secured a place on the Marsh Graduate Scheme. He remained with the broker until 2005, when he joined the Non-Marine Direct and Facultative Property team at Catlin Underwriting Agencies Ltd (now a part of AXA XL). For the next decade, Mr. Welton held several underwriting roles within the energy sector, before being appointed Senior Class Underwriter for Downstream Energy and Power in 2016 and UK Head of Energy in 2019.

Authored by AXA XL