AXA XL promotes Neil Cole to Global Chief Underwriting Officer for Marine
AXA XL has promoted Neil Cole to Global Chief Underwriting Officer, Marine, effective 1 April 2024.
In his new role, Mr. Cole will work to set the strategic direction and support the development of AXA XL’s Marine portfolios. Mr. Cole will sit within AXA XL’s Global Chief Underwriting Office (GCUO), which works with AXA XL’s regional underwriting teams to support profitable growth, assisting with pricing, risk aggregation and global product strategy.
Based in London, Mr. Cole will report to Anne Marie Elder, Global Chief Underwriting Officer, Specialty.
Commenting on the appointment, Ms. 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 decarbonization 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 over 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.”
Mr. Cole has 25 years of experience in the marine industry, 10 of which at AXA XL. He started his career in claims before moving into underwriting and specialising in international marine markets. Since 2020, Mr. Cole was Global Head of Underwriting Management and Deputy Chief Underwriting Officer, Marine.
Authored by AXA XL
About AXA XL
AXA XL is the P&C and specialty risk division of AXA which provides property, casualty, professional and speciality products to industrial, commercial and professional firms, insurance companies and other enterprises, here in the UK and throughout the world. With underwriting teams based in the US, UK, EMEA and Asia Pacific regions, we can make decisions close to the markets you serve and work with you to tailor cover to your business needs.
We help businesses adapt and thrive amidst change. Rather than just paying covered claims when things go wrong, we go beyond protection into prevention so your business can go beyond the unexpected.