09/12/2019 | Press release | Distributed by Public on 09/12/2019 03:58
AXA XL insurance today announced that Luis Prato has been appointed Chief Underwriting Officer (CUO) for UK legal entities: Catlin Underwriting Agencies Ltd (CUAL) and XL Catlin Insurance Company UK Limited (XLCICL), subject to regulatory approvals.
Mr. Prato will now be responsible for developing core underwriting strategies and optimising product offering and profitability for both CUAL and XLCICL. The appointment is effective as of 1 September 2019. He takes up his new role in addition to his responsibilities as Insurance Active Underwriter for Syndicate 2003 and Regional Specialty Leader for the UK & Ireland.
CUAL is a managing agent at Lloyd's. The primary syndicate managed by CUAL is Syndicate 2003 (wholly supported by AXA XL corporate members at Lloyd's), which underwrites a full range of property, casualty, marine, aviation and other specialty coverages.
XLCICL is UK-based and offers property and casualty insurance and reinsurance products, primarily in the UK and Europe.
Paul Greensmith, CEO of CUAL & XLCICL, commented: 'I am delighted that Luis is taking on the role of CUO for UK legal entities. He has built up a strong reputation both within AXA XL and the wider insurance market, and I have every confidence he has exactly the right experience and credentials to fulfil this role.
'The fact that AXA XL was able to fill this position internally is a testament to the talent we have within AXA XL and the opportunities available for advancement.'
Mr. Prato's extensive career began in 1991, as a Risk Engineering Consultant for Risk Master Co. He later worked as a Loss Prevention Representative at Industrial Risk Insurers, before taking up a position as Senior Underwriter for Energy and Managing Director, Latin American Division at Zurich Global Energy in 1998. He moved to Allied World Insurance Company in 2002, where he was Vice President - Energy & Heavy Industries. After a short stint as Senior Underwriter and Deputy Head - Onshore Property at AEGIS London, he joined Catlin in 2008 as Head of Downstream Energy, UK & Ireland. He was promoted to Head of UK Energy and Regional Product Leader for the UK & Ireland in 2016, and made Insurance Active Underwriter for Syndicate 2003 at the beginning of this year.
ABOUT AXA XL1
AXA XL1, 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 XL1 INSURANCE
AXA XL1 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