AXA XL names global head of upstream energy

AXA XL Insurance has promoted Steven Farr to global head of upstream energy, effective immediately.

Farr is based in London and is responsible for developing the upstream energy book, expanding on and delivering underwriting strategy and product profitability.

Farr ‘s started his career in claims at Liberty Syndicates in 2002 before moving to Wellington Underwriting a year later, taking on the role of UK property and liability claims adjuster. He joined Catlin Underwriting Agencies, before it became AXA XL, in 2007, following its acquisition of Wellington, becoming a claims adjuster within the global energy team. He became an energy class underwriter in 2012.

Huw Jones, chief underwriting officer for global energy at AXA XL, pointed to Farr’s considerable experience of underwriting upstream energy risks and his stellar reputation in the market thanks to his close relationships and technical expertise.

“Upstream energy is an integral part of AXA XL’s business, and having the right team in place is central in supporting our clients as they navigate the wide spectrum of traditional and emerging risks faced by this sector,” added Jones.