AXA XL insurance, a division of AXA has announced the appointment of Stéphane Vauterin as underwriting manager, International Financial Lines for France, based in Paris.
Vauterin brings more than 2 decades of insurance experience and joins AXA XL from Zurich where he held numerous financial services and underwriting positions.
Julien Guénot, country leader, France at AXA XL Insurance, commented: “As a major provider of financial lines insurance globally, we support our French clients with a full suite of specialised solutions from Directors and Officers insurance to Mergers and Acquisitions and Cyber.”
Adding: “The recent increase in Directors and Officers claims, particularly in the large corporate segment, led to tension in that market. French clients and their brokers are, as a result, turning to insurers to help them navigate these developments.”
Simona Fumagalli, underwriting manager, International Financial Lines – Europe at AXA XL, said: “Directors and officers of international companies face heightened risks as claims against them have spiked, driven by a combination of regulatory activity, third-party litigation funding, collective redress action in European Union, #MeToo and recessionary threat. I am delighted that Stéphane has joined the team; he will play a key role in helping our clients navigate those evolving risks.”