AXA XL has announced the promotion of Peter Welton to UK head of energy. He will succeed Luis Prato who was appointed chief underwriting officer for UK Legal entities earlier this year.
In Welton’s new role he will be responsible for developing the UK energy book and providing and designing innovative insurance and flexible solutions for energy clients as well as leading a team of underwriters in London.
For the past 10 years Welton held several underwriting roles within the energy sector, before being promoted to senior class underwriter for Downstream Energy and Power in 2016. Welton’s career began in 2000, when he secured a place on the Marsh Graduate Scheme. He remained with the broker until 2005, when he joined the Non-Marine Direct and Facultative Property team at Catlin Underwriting Agencies Ltd (now AXA XL).
Huw Jones, chief underwriting officer for Global Energy at AXA XL, commented: “The global energy market is currently undergoing a period of transformation. Having the right team in place is an integral part of our commitment to our clients, as they manage the associated risks today and in the years ahead. I am delighted that Peter will be taking on the role of UK Head of Energy and have every confidence that his high level of technical expertise and knowledge will further strengthen our UK Energy business. His promotion is also a demonstration of the depth of talent we have at AXA XL.”