November 20, 2020
AXA XL has announced the promotion of Nicola Harris to head of energy, UK and Lloyd’s market.
Harris succeeds Peter Welton, who was promoted to chief underwriting officer for Marine, Energy & Aerospace, UK & Lloyd’s market earlier this year.
In her new role, Harris will lead a team of underwriters in London and will be responsible for developing the UK energy book, implementing strategy, and designing innovative insurance solutions for AXA XL’s energy clients.
Harris has held a number of senior energy roles within AXA XL since joining from Allianz Global Corporate & Specialty (AGCS) in 2018, most recently chief of staff, global energy. Since 2014, she had previously held the role of regional head of energy & marine at AGCS and prior to that, she held various roles at Marsh in London and then Cape Town, where she was appointed regional leader for power & energy in 2011.
Peter Welton, chief underwriting officer for Marine, Energy & Aerospace, UK & Lloyd’s market, commented: “Global economic uncertainty resulting from the COVID-19 pandemic has significantly affected the global energy market, which was already facing several headwinds. 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 future.
“I am delighted that Nicola will be taking on the role of Head of Energy, UK & Lloyd’s market. Nicola has more than 20 years’ experience in the Energy insurance sector, both on the broking and underwriting side, and I have every confidence that her high level of knowledge and experience gained throughout her career positions her ideally to lead the team.”