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AXA XL faucets head of vitality property insurance coverage



AXA XL taps head of energy property insurance

AXA XL has introduced the promotion of Scott Dalton to go its vitality property insurance coverage enterprise within the Americas.

“AXA XL’s popularity and expertise in dealing with sophisticated industrial dangers, like these confronted by vitality companies, is well-known,” stated Michele Sansone, chief underwriting officer for property at AXA XL. “It’s underwriting specialists like Scott, and his 25 years of expertise serving to deal with vitality corporations’ wants, that has helped construct that popularity. We’re excited to see Scott step into this management position as we proceed to satisfy the property safety wants of vitality trade leaders.”

Dalton beforehand served as a senior underwriter. In his new position, he’ll assume underwriting administration accountability for AXA XL’s guide of property insurance coverage for vitality companies, together with oil and fuel, energy technology, course of industries, and chemical corporations. Dalton joined AXA XL in 2006.

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Earlier than becoming a member of AXA XL, Dalton held underwriting positions – all centered on the vitality trade – at Liberty Worldwide, AIG and Zurich.

In October, AXA introduced new insurance policies limiting publicity in its funding and underwriting portfolios of unconventional oil and fuel actions, and ceasing to underwrite new insurance coverage protection for brand spanking new upstream oil greenfield exploration initiatives or initiatives in place the place there was minimal or no earlier exploration. AXA continues to underwrite insurance coverage for vitality “transition leaders” – oil and fuel corporations with strong plans to attain net-zero emissions.

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