AXA XL promotes Brooks to CUO, Programs & Delegated Arrangement, Americas

AXA XL has announced the appointment of David Brooks to the new position of Chief Underwriting Officer (CUO), Programs and Delegated Arrangement for the Americas, where he will report to Donna Nadeau, AXA XL Chief Underwriting Officer for the Americas.

The new role was created to support the continued growth of AXA XL’s US program insurance business.

In force since June 1stBrooks enters this new role following his most current role as AXA XL’s Chief Risk Officer for the Americas.

In his new role, Brooks will set strategy, direction and provide an increased level of sophistication to AXA XL’s program partners so they can benefit from the company’s deep insurance capabilities and underwriting expertise.

Brooks joined AXA XL in 1998, after 16 years working in the insurance brokerage community. He joined AXA XL to help with the initial launch of its aerospace operation.

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Since then, he has held various positions in underwriting, management and assignment direction. In his more recent risk management role, he was instrumental in establishing the due diligence protocol for AXA XL’s North America program.

Commenting on his appointment, Brooks said, “AXA XL has a long history of supporting niche program business with partnerships that stretch back decades. We look forward to strengthening our support as the growth and growing demands of the industry become more sophisticated every day.

“Under Chris Bressette’s leadership, AXA XL has built a robust and growing programs business. With our financial strength, creative coverage, access to multiple lines of coverage, actuarial experience, data science analytical capabilities and knowledge of regulatory issues, we have much to offer our program partners. We look forward to expanding our expertise, capabilities and appetite to establish longer-term program partnerships.

Chris Bressette, Director of Underwriting for P&C Programs in North America, added, “I am delighted to work with David as he aligns strategy and operational synergies across multiple delegated businesses. From his various experiences, I know he will add unique and valuable insights to our P&C space as we work together to achieve profitable growth within this business model.

Additionally, AXA XL noted that in the latest biennial market survey from the Target Markets Program Administrators Association (TMPAA), it found that program premium volume in the United States increased by 32.8% to 53. $.8 billion between 2018 and 2020, with momentum expected to continue, making Program Activities the fastest growing P&C sector.

Nadeau, also declared: “The program insurance market is a center of innovation, creativity and specialization. It continues to mature and becomes home to some of the industry’s most experienced underwriting talent.

“With David’s new role, we are putting some of our most experienced talent to work to better support our program partners’ growth strategies. David brings nearly 40 years of industry experience as an underwriter, broker and most recently as a risk manager to his new role.

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