XL has announced a wave of departures from its senior management team ahead of its $15.3bn takeover by Axa.
Among them is Paul Jardine, XL Catlin’s chief experience officer, who will leave the carrier when the deal with Axa completes.
Previously Catlin’s chief operating officer, Jardine joined the group in 2001 and became chief executive of the Catlin Syndicate two years later. He assumed his new elevated role when XL acquired Catlin Group in 2015.
Paul Brand, XL Catlin’s former chief underwriting officer for insurance will leave the (re)insurer at the end of June. He currently heads up Accelerate – the carrier’s insurtech and innovation lab.
Alongside Jardine and Brand, Susan Cross, chief actuary; Kirstin Gould, general counsel and Eileen Whelley, chief human resources officer will all leave XL Catlin when the deal with Axa closes, or shortly after.
Doug Howat, CEO of global lines at XL is also tipped to exit, with his departure date set at 1 July.
Following Brand’s departure from Accelerate, Vincent Branch will assume the reins at the business unit. He joined Brand’s team in November 2016.
As well as announcing the departures, XL said it would merge its data and analytics businesses, which will be headed up by the current chief exec for insurance pricing and analytics Paul Shedden.
Shedden’s team will include Kim Holmes who heads up strategic analytics and Henna Karna who leads Enterprise Data at XL Catlin.
In XL’s insurance business Neil Robertson and Jason Harris, currently chief executive of insurance underwriting and chief executive of international insurance will each take on new roles as chief executives for global specialty and global P&C respectively.
Underwriting capital management will continue to be led by Mark Van Zanden following Axa’s takeover. Van Zanden is currently chief executive P&C underwriting capital management.
Charles Cooper will continue to lead the reinsurance arm, while Joe Tocco will remain in the role of chief executive for North America insurance.
The carrier said that it would not be able to reveal the complete line-up for the new leadership team until after the deal with Axa closed.