AXA XL has introduced the appointment of Libby Benet to the function of global chief underwriting officer (GCUO). The promotion will see her succeed Nancy Bewlay who not too long ago assumed management of AXA XL’s global reinsurance operation.
Benet first joined AXA XL in 2020, taking up the function of chief underwriting officer for cyber. When AXA XL applied its new working mannequin, she expanded her function, assuming global chief underwriting officer tasks for all monetary strains, together with cyber.
Earlier than becoming a member of the insurer, Benet managed her personal consultancy the place she aided insurers within the growth and implementation of new insurance coverage merchandise. Previous to this her insurance coverage profession additionally included positions with Beazley, Normal Reinsurance and Zurich.
She is a graduate of Towson College and the College of Baltimore Faculty of Regulation and is a member of the Maryland State Bar – in addition to being a Licensed Data Privateness Skilled (CIPP US) and Licensed Data Privateness Supervisor (CIPM) by means of the Worldwide Affiliation of Privateness Professionals.
Commenting on the appointment, AXA XL CEO Scott Gunter stated: “Given the GCUO’s duty for underwriting governance, pricing, danger aggregation and global product technique, this can be a huge function to fill, and Libby is properly ready for it.
“Libby has achieved a formidable job working with our regional underwriting groups to help their disciplined underwriting, enhance pricing, and handle our combination publicity in help of our worthwhile development. Libby’s confirmed management, market perception and portfolio administration expertise will proceed to show useful in her new expanded management function.”
