AXA XL hires new CEO Asia & Europe

AXA XL, the property & casualty and specialty risk division of AXA, has announced the appointment of Xavier Veyry (pictured) as CEO Asia & Europe.

Veyry will step down from his current role as CEO of AXA China later this year to lead the insurer’s Asia & Europe business from Dublin, Ireland. He will report to CEO Scott Gunter and will join AXA XL’s newly configured leadership team, which includes leaders of geographical business units in the Americas, Eurasia, and London and the Lloyd’s market.

The insurance veteran has been with AXA for 24-years, during which he has lived and worked in 12 countries across the Middle East, Asia and Europe. He has held several CEO and leadership positions around the world, including his current position as country CEO of AXA China and chairman of AXA Tianping in China and AXA General Insurance in Korea.

He joins AXA XL with a wealth of experience in strategic business development, innovation, operations and change management. Some of his career highlights include the development of AXA’s healthcare practice in the Middle East, as well as leading the operational transformation of AXA Global Direct, which brought together all of AXA’s direct insurance subsidiaries serving around five million customers globally. He recently oversaw the process towards full ownership of AXA Tianping, making it the largest foreign-owned P&C insurance company in China.

“Xavier’s extensive international experience positions him ideally to lead AXA XL’s business across Asia & Europe,” said AXA XL CEO Scott Gunter. “When we think about Asia & Europe in terms of a business unit, we know that it’s incredibly diverse in terms of economies, business and culture. I believe Xavier has the knowledge and, importantly, the first-hand experience and mindset to lead our teams in these incredibly important markets.

“Having the right talent in the right places is key to ensuring AXA XL is the insurance partner of choice across business lines and around the world. Our newly appointed regional CEOs are going to ensure we are an organisation that is easy to navigate, so that we can continue to serve our clients to the very best of our ability.”

Gordon Watson, CEO of AXA Asia, added: “I would like to thank Xavier for his superb leadership while in China. I am delighted he will continue to support the growth of the AXA Group in China as Chairman of AXA Tianping and through his directorship at ICBC-AXA.”

Source: Insurance Business Uk