Axa XL promotes Vinod Kumar to cyber underwriter in India. Axa XL has promoted Vinod Kumar to cyber underwriter in India, according to a LinkedIn update. Mumbai-based Kumar (pictured) was previously an assistant cyber underwriter since May 2025. He began his... To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. * Australia's Key Insurance Partners appoints Keith Riddle as managing director * August 19 Melbourne-based Riddle takes on the additional responsibility alongside his current role as managing director for broker Key Insurance Group. * Cowbell taps Marsh's Anh Tuan Pham as cyber team relationship manager * August 19 Melbourne-based Pham will look after broker relationships and market developments in Victoria, Tasmania, South Australia and Western Australia. * Gallagher-owned Pen Underwriting promotes Paul Behm, Ev Synnott in leadership shake-up * August 19 Behm assumes the role of head of underwriting, while Synnott takes on a newly created position as head of operational strategy and transformation. * Nat Re brings veteran executive Alexander Reyes out of retirement to take helm * August 18 Current CEO Allan Santos will retire on October 1 after nine years. Partner Content * BHSI | The real risk begins underwater: how subsea risk is changing insurance Asia's subsea industry is expanding and evolving rapidly, with the growing use of technology across the region changing the way risks are be assessed. * Beazley | Clean marine: How aqua-innovators can ride the energy wave Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models. * PartnerRe | Dementia the protection gap insurers can no longer ignore Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients. * Sedgwick | Investing in people is shaping the future of loss adjusting in Asia Sedgwick Asia says it is ready to meet the evolving challenges of Asia's dynamic insurance markets.

AXA XL names Matt Waters, Head of Large Commercial & specialty business unit. Aug 11, 2026, 16:15 ET NEW YORK, Aug. 11, 2026 /PRNewswire/ - AXA XL today announced the appointment of Matt Waters as Head of its Large Commercial and Specialty business unit, effective immediately. Commenting on the appointment, Lucy Pilko, AXA XL's CEO, Americas, "Our Large Commercial and Specialty clients are navigating increasingly complex risks in a challenging insurance environment. Matt's proven leadership in building successful businesses and teams, especially in expanding our Middle Market division, highlights his ability to drive strategy, strengthen relationships, and foster growth. He's excited to leverage our talented Large Commercial and Specialty underwriting teams to support consistent disciplined underwriting and deliver valuable solutions to our clients and broker partners." In his new role, Mr. Waters will be responsible for leading AXA XL's Large Commercial and Specialty lines portfolio across the US, Canada, and Bermuda. He will focus on driving profitable growth, enhancing underwriting discipline, attracting top-tier talent and further strengthening the company's relationships with brokers and clients across North America." Mr. Waters joined AXA XL in 2022 to launch its Mid-Market business in the Americas. Since then, he has led the build-out and expansion of his team and product portfolio. Under his leadership, the business has consistently exceeded growth expectations, delivering strong, profitable expansion across key industries while maintaining rigorous underwriting discipline. Prior to joining AXA XL, Mr. Waters spent 25 years at Liberty Mutual, where he held a series of senior leadership positions across a wide range of property/casualty segments, including Construction and Energy. Jim DiVirgilio, AXA XL's recently retired Chief Claims Officer who is now serving in an advisory role, is stepping in to temporarily lead the Mid-Market team while a search for new leadership is conducted. ABOUT AXA XL AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com ABOUT AXA XL INSURANCE AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com SOURCE AXA XL

AXA XL to acquire S-RM, a global corporate intelligence and cyber security consultancy. Aug 06, 2026, 10:43 ET LONDON, Aug. 6, 2026 /PRNewswire/ - AXA XL, which currently holds approximately 49% of S-RM, today announced that it has entered into an agreement to acquire the remaining shares of the company. S-RM is a specialist corporate intelligence and cyber security consultancy. Founded in 2005 and supporting clients in 140 countries, S-RM helps global businesses and investors navigate complex risks through intelligence, cyber security, and crisis response services. Its expertise includes cyber risk assessment, managed detection and incident response, specialist investigations, geopolitical intelligence, and integrity and reputational due diligence. Building on the long-standing partnership between the two organizations, the acquisition of S-RM will support AXA XL's strategy to expand its prevention offering. S-RM is expected to continue to deliver services to its global client base as part of AXA XL Risk Advisory, AXA XL's newly created business unit dedicated to prevention. Scott Gunter, CEO of AXA XL, commented: "The acquisition of S-RM marks an important step in the buildout of AXA XL Risk Advisory and in our continued efforts to go beyond traditional insurance coverage. Clients are looking for data-driven insights and expert guidance to help them anticipate emerging threats, mitigate risk, and respond quickly when events occur. S-RM's specialist expertise will help us accelerate that support." Libby Benet, CEO of AXA XL Risk Advisory, added: "S-RM brings highly complementary expertise that will strengthen our advisory capabilities and broaden our offering. By bringing together our risk consulting teams, S-RM's geopolitical intelligence and crisis response expertise, and the technology-enabled solutions of the AXA Digital Commercial Platform, we will be able to help clients build deeper resilience across a wider spectrum of risks." Heyrick Bond Gunning, CEO of S-RM, added: "S-RM has worked closely with AXA XL for over 15 years, both as a client and as an investor. This transaction will allow us to continue investing in our prevention services for existing clients, while expanding the reach of those capabilities." Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to take place by end of September 2026. About S-RM Founded in 2005, S-RM is a specialist in corporate intelligence and cyber security. The firm provides intelligence, resilience and response services to global businesses and investors, helping clients navigate complex risks, strengthen cyber resilience, and respond to crises. S-RM operates across six continents with nine international offices and supports clients in more than 140 countries. ABOUT AXA XL AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com. ABOUT AXA XL INSURANCE AXA XL Insurance offers property, casualty, professional, financial lines and specialty insurance solutions to mid-sized companies through to large multinationals globally. We partner with those who move the world forward. To learn more, visit www.axaxl.com. SOURCE AXA XL