AXA XL Risk Digest

Welcome to the AXA XL Digest, our dedicated LinkedIn newsletter. Each month, we’ll bring you industry insights and expert perspectives to help keep our clients and brokers informed about the latest trends in risk management and insurance.

Read on for expert commentary, industry highlights, and important updates from AXA XL and beyond.

SPOTLIGHT

Businesses depend on nature, yet the associated risks often go unrecognized. We collaborated with Nature Positive to create the Nature Risk Insights report, designed to help companies identify, assess, and mitigate nature-related risks and opportunities.

With wildlife populations decreasing by an average of 69% over the last 50 years and significant alterations to our natural landscapes, the urgency for action is clear. Approximately 50% of the world's GDP is reliant on nature, highlighting the economic implications of biodiversity loss. For instance, the cost to replace natural pollinators could reach €153 billion in the EU alone.

Valuing Nature is a key pillar of our Roots of Resilience strategy, emphasizing the need for businesses to recognize these often-overlooked risks. The Nature Risk Insights report aims to guide risk managers in integrating nature-related risks into their strategies.

Download the report to take practical steps toward sustainability.

Preserving the Past, Inspiring the Future

At AXA, our commitment to the arts goes beyond risk and insurance; it is integral to our corporate culture. Since 2004, we have participated in TEFAF Maastricht, showcasing fine art and historical masterpieces that reflect human creativity over 7,000 years. Twenty-one years later we are proud to have become Global Lead Partner.

AXA has played a vital role in restoring iconic sites like Notre Dame and the Château de Versailles, ensuring they remain sources of inspiration. We are also founding partners of Villa Albertine, fostering cultural exchange between France and the U.S.

Through initiatives like the AXA Art Prize, we promote figurative art and support young artists. As Global Lead Partner of TEFAF, AXA invests in the future of art, celebrating and preserving creativity. Together, we aim to foster a vibrant future for the arts.

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What if you had an extra 48 hours to prevent a ransomware attack?

We have partnered with DarkWeb IQ to help our clients strengthen their cyber security practices.

DarkWeb IQ specializes in offensive cybercrime prevention, offering protection against ransomware, data theft, and third-party risks. By collaborating with law enforcement and the cyber insurance industry, they infiltrate cybercriminal supply chains to gain critical insights and prevent imminent attacks.

Timothy Smit, Global Head of Cyber Risk Strategies and Partnership Programs, stated, "Partnering with DarkWeb IQ allows us to deliver comprehensive solutions that help clients safeguard their digital assets, data, and operations from potential cyber threats and breaches."

Read more about our partnership here.

AXA XL Strengthens UK & Lloyd’s Specialty Team

AXA XL’s UK & Lloyd’s Business Unit has announced the appointments of Louise Nevill as Chief Underwriting Officer – Specialty and Sundeep Khera as Head of Marine and Energy. These key appointments are part of a strategic restructuring aimed at enhancing our underwriting capabilities under the leadership of Chief Underwriting Officer Mike Gosselin.

Louise Nevill will spearhead the Specialty pillar, driving innovation across diverse sectors such as Equine, Fine Art, and Energy.

Sundeep Khera, who has served in his current role as Global Chief Underwriting Officer - Marine Hull, and Head of Marine Underwriting, UK & Lloyd’s since 2021, will move into his expanded leadership role with immediate effect.

Read more

Top reads from Fast Fast Forward

Let’s Talk: Insurance Meets Aviation

In this interview series featuring our Aerospace experts, we explore the intersection of insurance and aviation. Isabel McCarthy, an Underwriter for the Americas Aerospace team, shares her nearly 30 years of aviation experience, from developing an air traffic control simulator to her passion for aviation insurance. She highlights the importance of proactive customer service and teamwork in delivering effective solutions to clients, emphasizing that at AXA XL, insurance is about much more than just policies.

Let's Talk: Insurance Meets Aviation

The Wholesale Market Goes Mainstream

As risks become more frequent and severe, the excess and surplus lines (E&S) insurance market is vital for organizations facing these challenges. In 2024, forecasts suggest the E&S market could reach $130 billion in gross written premium. We spoke with Tim Whisler, AXA XL’s head of Wholesale Solutions for the Americas, about the market's outlook for 2025.

The Wholesale Market Goes Mainstream: A conversation with Tim Whisler, head of AXA XL Wholesale, Americas

Insuring the U.S. Data Center Construction Boom The demand for data centers is soaring as organizations increasingly adopt AI applications. A recent KPMG survey reveals that 68% of leaders plan to invest $50-$250 million in GenAI by 2025. This growing reliance on AI necessitates robust infrastructure to ensure efficient storage, processing, and real-time data analysis.

Insuring the U.S. Data Center Construction Boom

UK, Europe & APAC

This summary does not constitute an offer, solicitation or advertisement in any jurisdiction, nor is it intended as a description of any products or services of AXA XL. The information contained herein is intended for informational purposes only. Insurance coverage in any case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details.

US & Canada

The information contained herein is intended for informational purposes only. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. This summary does not constitute an offer, solicitation or advertisement in any jurisdiction, nor is it intended as a description of any products or services of AXA XL. AXA XL is a division of AXA Group providing products and services through three business groups:

AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA XL Insurance Company Americas, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, insurance coverages are underwritten by XL Specialty Insurance Company - Canadian Branch. In Bermuda, the insurance company is XL Bermuda Ltd. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

AXA, the AXA and XL logos are trademarks of AXA SA or its affiliates. © 2024. Information accurate as of March 2025.