AXA XL Insurance has appointed Ian Nun as head of political risk, credit and bond (PRCB) for the UK and Lloyd’s market, effective immediately.

In his new role, Nunn will lead a team of underwriters in London and be responsible for developing and executing the underwriting strategy for the UK and Lloyd’s market political risk and credit book while optimising product offering and profitability.

Nunn joined XL Group as an assistant underwriter, political risk & trade credit, in 2011, from QBE. He later held several senior underwriting roles before being appointed underwriting manager, political risk, credit & bond, in 2019.

Dan Riordan, global chief underwriting officer, political risk, credit & bond, said: “I’m excited that Ian will be taking on this role, and I look forward to his valuable insight as a member of my Leadership Team. Having the right team in place is an integral part of our commitment to support our clients as they manage the risks they face today and in the future.”

Andrew Underwood, CUO Specialty, UK & Lloyd’s market, added: “Ian has a fantastic reputation in this market and I’m fully convinced he’ll be a successful leader of our London team. As a major player in the political risk, credit and bond space, I’m particularly pleased to see our homegrown talent develop and excel, just as Ian has done.”