Axa XL
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Gunter expects hard market to continue, sustained by cats and social inflation. -
Allianz and Axa take key roles in $600mn fundraise by FinTech Stripe$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.
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Yosha DeLong will be cyber underwriting head, whilst James Tuplin will be international head of cyber underwriting.
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Matthew O'Malley will report to Joe Tocco, CEO of Axa XL Americas, in a move that follows a series of changes made in October.
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Finance minister Nirmala Sitharaman said the government will lift the foreign direct ownership cap from 49% to 74%.
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He reports to the carrier’s global chief underwriting officer for financial lines, Libby Benet.
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Ashok Krishnan moves into the London-based role from Axa Hong Kong.
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Scully fills a gap left by the departure of Steve Hartwig to Ark last year.
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Brett Musser joins the business in Chicago from CNA.
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Jason Mandik, Sandra Clarke and Jessica Carpita take up new roles within the business.
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Hawkins was head of retail distribution at AIG, having joined the insurance giant in 2019, where he was a managing director.
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