XL Group Ltd., through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company that provides property and casualty and specialty insurance products to industrial, commercial and professional companies, insurance companies and other companies worldwide. In 2017, gross premiums written were $15 billion; Of that amount, about $5 billion came from reinsurance. AXA XL is the property and casualty and special risks division of AXA, a multinational insurance and asset management company based in France. AXA XL Insurance offers more than 30 business areas, including property and casualty insurance, construction, cybersecurity, finance, accident and health insurance, professional liability and the environment. The company also has a toe in specialty insurance, including expertise in aerospace, engines, credit and bonds for political risks, visual arts and cash, marine and crisis management. Another AXA XL group focused on innovation in the insurance sector is Accelerate, which generates business opportunities for the group by finding disruptive business models and implementing them through new products and offerings. One technology the team monitors is artificial intelligence. As a sponsor of AXA XL, INNOVATE is a global insurtech venture capital firm that invests in entrepreneurs who contribute to the property and casualty insurance industry, typically focusing on innovative new insurance models founded in-house, as well as data and analytics companies with high-quality assurance applications. AXA XL`s insurance companies are located all over the world. They consist of: From difficult to place risks to unique risks, we work with companies to develop Excess & Surplus (E&S) insurance solutions for a variety of clients and industries. As funds continue to flow into insurtechs, interest in this field is certainly not a fad. For future investments, the XL Innovate team is looking for companies that take care of the commercial insurance process and tackle a problem in this area, Martha Notaras, a partner at XL Innovate, told Insurance Business. “This transaction is a unique strategic opportunity for AXA to evolve its life and savings insurance (L&S) business profile to the predominant property and casualty business and will enable the Group to become the World`s #1 property and casualty insurer based on gross premiums written,” AXA said in a press release.

“The future AXA will clearly rebalance its profile in the direction of insurance risks and away from financial risks.” One of XL Innovate`s investments has been on-demand insurance cloud provider Slice Labs, a partnership that recently led to a new offering. In October 2018, AXA XL and Slice introduced a new e-policy designed specifically for small and medium-sized businesses. Based on Slice`s Insurance Cloud Services platform, AXA XL`s insurance product provides small and medium-sized businesses in the U.S. with comprehensive cyber insurance coverage and real-time intelligence to proactively combat cyber risks. “Businesses of all sizes are vulnerable to cyber risk,” said John Coletti, Chief Underwriting Officer of AXA XL`s North American Cyber and Technology Insurance business. “By providing this on-demand, AI-powered cyber insurance product, we are expanding our reach in the cyber insurance market and balancing the competitive environment for SMBs by giving them access to the broad cyber insurance coverage that the largest companies rely on, as well as cybersecurity resources that help them protect their revenues, their profitability and customer relations. The acquisition was completed in September 2018, after which the company continued to operate under the core AXA brand and formed a new division for the core lines of property and casualty and special risk insurance, known as AXA XL, which includes the XL Group, AXA Corporate Solutions and AXA Art divisions. The division`s offering is now divided into three main business segments: XL Insurance, XL Reinsurance and XL Risk Consulting. Upon closing of the transaction, the combined activities of XL Group, AXA Corporate Solutions (P&C`s large commercial business and AXA Art`s specialty business) and AXA Art will be led by Greg Hendrick, currently President and Chief Operating Officer of XL Group. Hendrik is appointed CEO of the merged company and joins the AXA Group Management Committee, reporting to Thomas Buberl, CEO of AXA. Our North American program team combines decades of industry experience (in a variety of program structures and business classes) with the financial strength of a world-class insurance company.

From airplanes to automobiles. From horses to visual arts. Space for the navy. If you need help managing your company`s specialized risks, talk to AXA XL about our wide range of solutions. When it comes to the collaborative approach between insurtechs and insurance companies, Branch pointed out, “There`s been a really positive awakening of the opportunities it creates, [and] I think now everyone is talking about partnerships, everyone is talking about how we can help move the industry forward.” XL Catlin Canada has offices in Toronto, Calgary, Montreal and Vancouver. In Canada, XL subsidiary P&C provides specialized and specialized coverage, including aviation and marine, to major Canadian national and multinational companies. It also covers non-Canadian clients for property and liability risks in Canada. In today`s technology- and data-driven world, businesses need to stay one step ahead of growing cyber risks. We`re here to help. We offer a full range of cyber insurance solutions to protect your business operations. In these uncertain and fascinating times, our dedicated and dedicated teams are here to help you navigate the complexity of your business direction.

An AXA spokesperson confirmed that XL Catlin Canada would be part of AXA as part of the transaction. When asked if XL Catlin would be renamed AXA in Canada, he said no branding decision had been made and likely would not be published until the deal was formally finalized at the end of the year. Your valuable business properties, facilities and machinery must be protected against various existing and emerging risks. Let`s work together to grow your business. We offer tailored risk management solutions and consulting services to identify and understand countless existing and emerging risks to help you avoid avoidable losses and minimize the impact of events beyond your control. At the time of the announcement, Thomas Buberl, Chief Executive Officer of AXA, cited the XL Group`s geographical presence, world-class teams with recognized expertise and innovative customer solutions, noting: “This transaction is a unique strategic opportunity for AXA to evolve its business profile from primarily L&S to core property and casualty insurance and will enable the Group to: to become the world`s leading insurer for commercial lines based on gross premiums written. Construction is an industry with unique needs, and the list of risks associated with it is long and diverse. Our flexible hedging and risk engineering services can help you protect your projects, maintain profitability and. The AXA name disappeared from the Canadian property and casualty insurance landscape when Intact Financial purchased AXA Canada for $2.6 billion in September 2011.

With our strong and efficient capital platform, data-driven insights, and cutting-edge technology, we have the scale and scale to grow your business. “A lot of the companies we work with are looking for an AI component that`s strong enough for what they`re doing. The digital experience, especially around sales, is really important, but we`re also looking at how they`re using AI to enrich that information,” said Vincent Branch, CEO of Accelerate, highlighting a partnership between AXA XL and Cytora, a startup that uses AI and open source data to quantify insurers` ability to quantify. Improve risk selection and pricing. Insurers influence cash flow control Serving customers in more than 200 countries and territories The merger agreement, which is expected to close in the second half of 2018, was unanimously approved by the boards of AXA and XL Group. AXA XL speaks out on creating digital ecosystems The France-based AXA Group has reached a $15.3 billion agreement to acquire 100% of XL Group Ltd., which also includes Canadian subsidiary XL Catlin Canada. .