AXA XL Underwriting Agencies Ltd and AXA XL Insurance Company UK Ltd announce independent NED


AXA XL has announced that Carol Richmond joined the Boards of AXA XL Underwriting Agencies Ltd and AXA XL Insurance Company UK Ltd (AXA XL UK) as an independent non-executive director on 10 July 2023.

Until March 2023, Carol was Chief Risk, Compliance and ESG Officer at Gallagher, having joined Gallagher in 2015 to lead the transformation of their risk, compliance and financial crime functions, bringing with her 30 years’ experience in regulatory, governance and customer-focused roles in the financial services sector. Carol served on the boards of all Gallagher UK-regulated entities.

Prior to Gallagher, Carol was Chief Risk Officer and board director at Aon UK Limited, a role that encompassed driving the company’s strategy and development plans. She was also previously an Independent Governor on the Board of the University of Bedfordshire and a Trustee of Regent’s University London. In 2016, Carol was voted one of the most influential women in insurance by Intelligent Insurer magazine. In 2017 she won the Business Insurance award of Women to Watch for EMEA. In both 2019 and 2020 she was recognised by Insurance Business as one of the Insurance Business Global 100 high-fliers.

Commenting on the appointment, Nigel Hinshelwood, Chair of the AXA XL UK boards, said: “We are delighted to welcome Carol to the AXA XL UK boards. Her compliance, ESG and risk management knowledge, coupled with her wider insurance, financial and regulatory sector experience will be incredibly valuable to the business as we continue to build on AXA XL’s established market position.”

Commenting on her appointment, Carol Richmond said: “I am honoured to be joining the AXA XL UK boards.  AXA XL’s ambitions, in particular its focus on purpose and ESG, together with the strength of the AXA brand, offers a real opportunity for sustainable growth. I look forward to working with the Board and the management team to execute the strategy.”

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.

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