AXA completes XL acquisition
Well-positioned for future growth
AXA XL has announced that Paul Greensmith has been appointed chief executive officer of Catlin Underwriting Agencies and XL Catlin Insurance Company UK, subject to regulatory approvals.
He replaces Paul Jardine who will be leaving XL Catlin later this year. Greensmith will be responsible for developing and delivering the strategy for the two subsidiaries while maintaining their effective operations, in particular ensuring that regulatory responsibilities are met.
In addition Greensmith will be operating as regional Leader, UK in project mode and will help define the activities of AXA XL in the UK, as the division takes shape.
“Paul has a proven track record and the ability to balance both the long-term strategic view with the day-to-day requirements needed to fulfil the role of CEO for these entities,” said Kelly Lyles, chief executive, client and country management at AXA XL.
Greensmith joined Catlin in 2014 as co-chief underwriting officer for Catlin’s London Underwriting Hub. Following the acquisition of Catlin Group by XL Group, Greensmith was appointed to the role of UK country leader and director of London market wholesale in January 2017.
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