AXA XL, the business insurance coverage and reinsurance operation of the worldwide AXA Group, has introduced the promotion of Libby Benet to the position of World Chief Underwriting Officer (GCUO).
Benet joined AXA XL in 2020 as Chief Underwriting Officer for Cyber and now succeeds Nancy Bewlay, who not too long ago took on management of AXA XL’s international reinsurance operation.
Benet’s profession in insurance coverage and reinsurance contains time spent as an Underwriter and Product Developer at Zurich, a Specialty Traces Underwriting Supervisor at Gen Re and likewise underwriting specialty traces at Beazley.
Previous to becoming a member of AXA XL, Benet ran her personal consultancy, serving to insurers to develop and implement new merchandise, and consulting on the arrange of underwriting and claims methods and suggestions on reinsurance buying.
In her earlier position, as Chief Underwriting Officer for Cyber, Benet monitored the AXA XL cyber threat portfolio and publicity from an aggregated international product view.
When AXA XL adopted its new working mannequin, Benet additionally assumed World Chief Underwriting Officer duties for all monetary traces, together with cyber.
AXA XL CEO Scott Gunter commented on the transfer, “Given the GCUO’s accountability for underwriting governance, pricing, threat aggregation and international product technique, this can be a massive position to fill, and Libby is effectively ready for it.
“Libby has completed a powerful job working with our regional underwriting groups to assist their disciplined underwriting, enhance pricing, and handle our combination publicity in assist of our worthwhile development. Libby’s confirmed management, market perception and portfolio administration expertise will proceed to show invaluable in her new expanded management position.”