AXA XL said it launched AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S), dedicated to exclusively serve wholesale brokers.
This strategic move enhances AXA XL’s underwriting focus and capabilities within the Excess & Surplus (E&S) insurance market.
Operating alongside existing AXA XL entities and participating in the same AXA XL pool as Indian Harbor Insurance Company, AXA XL E&S will issue policies dev
eloped by AXA XL in collaboration with wholesale brokers nationwide.
The launch will be synchronized with the rollout of AXA XL’s new digital platform, Guidewire, which will serve as the E&S policy administration system sta
rting 2027. E&S Casualty new business will be underwritten by AXA XL E&S beginning in early 2027, with current policies transitioning to the new entity in mid 2027. E&S P
roperty business will follow suit in latter 2027. During this transition, existing products and rates will remain unchanged to ensure continuity and stability for brokers and clients.
“Establishing this specialized E&S company aligns with our goal to streamline operations and expand our technical underwriting capabilities,” said Tim Whisler, head of E&S Wholesale Solutions at AXA XL. “By strengthening o
See more beautiful photo albums Here >>>
ur organizational focus on the E&S market, we are better positioned to innovate, increase scale in key regions, and provide the proactive, tailored support that our brokers expect.”
Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure requirement.
According to a group called the Lawyers for Civil Justice, the letter was submitted Sept. 14 to the Advisory Committee on Civil Rules, part of a long process in ma
king federal rules of practice and procedure for litigation in federal courts. The committee meets Oct. 21.
LCJ said the letter endorses a rule it and the U.S. Chamber Institute for Legal Reform proposed to the committee earlier this year to require the disclose of any funder with financial interest in the litigation, and the funding agreement.
Insurers on the list of signers include some of the industry’s largest – Allstate, AIG, Chubb, State Farm, Liberty Mutual, Nationwide, Travelers, AXA XL, FM, and US
AA – as well as Alfa, Amica, Arch, Church Mutual, Cincinnati, CNA, Erie, Grange, Great American, Hanover, Hiscox, Intact, Markel, Munich Re, Sentry, Selective, and Zurich North America.
