AXA XL faucets new head of US center market

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AXA XL Insurance has introduced the appointment of Matthew Waters as head of US center market. Waters will lead an initiative to increase AXA XL’s attain within the US business market.

Waters will likely be primarily based in Boston and can report back to Joe Tocco, CEO of the Americas for AXA XL. in his new function, Waters will construct out the corporate’s goal center market shopper providing.

“In the US, AXA XL’s market management within the massive business, monetary traces and specialty insurance coverage segments is well-established,” Tocco stated. “Extending our presence within the adjoining middle-market enterprise within the US is a transparent alternative.”

Tocco stated that by the center market, AXA XL meant firms with operations requiring underwriting, claims and threat providers. Off-the-shelf merchandise typically don’t meet these firms’ wants, he stated.

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“We’re excited to have somebody with Matt’s expertise and observe document to assist us decide how we will higher serve this necessary market section, which we consider would profit from AXA XL’s experience and capabilities,” he stated.

Waters has greater than 20 years of middle-market underwriting administration expertise throughout a spectrum of property-casualty segments. Prior to becoming a member of AXA XL, he served as government vp and normal supervisor for Liberty Mutual’s center market enterprise.

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