AXA XL, the property & casualty and specialty threat division of AXA Group, has tapped Luis Prato for a serious duty.
Prato, who serves as insurance coverage energetic underwriter for Syndicate 2003 in addition to regional specialty chief for the UK & Ireland, has taken on the extra remit as chief underwriting officer for UK authorized entities Catlin Underwriting Agencies Ltd (CUAL) and XL Catlin Insurance Company UK Limited (XLCICL).
The CUO can be in cost not solely of creating core underwriting methods but additionally optimising product providing and profitability for each entities. CUAL is a Lloyd’s of London managing agent, whereas XLCICL gives property & casualty insurance coverage and reinsurance merchandise primarily within the UK and Europe.
“I am delighted that Luis is taking on the role of CUO for UK legal entities,” commented CUAL & XLCICL chief govt Paul Greensmith. “He has constructed up a robust fame each inside AXA XL and the broader insurance coverage market, and I’ve each confidence he has precisely the fitting expertise and credentials to fulfil this function.
“The indisputable fact that AXA XL was in a position to fill this place internally is a testomony to the expertise we have now inside AXA XL and the alternatives accessible for development.”
Prato’s credentials embrace time spent at Industrial Risk Insurers, Zurich Global Energy, Allied World Insurance Company, AEGIS London, and Catlin. He began out as a threat engineering guide for Risk Master Co in 1991.