AXA XL has appointed Matthew Wells as senior underwriter, marine – UK & Lloyd’s.
In this role, Wells is responsible for developing and managing underwriting strategies for both renewing and new business within AXA XL’s UK marine book of business. Wells works closely with AXA XL’s team of risk engineers in supporting clients to navigate the challenges and opportunities of the marine market.
Wells joined from Allianz Global Corporate & Specialty, where he spent more than 10 years, most recently as a senior underwriter within their marine hull and yachts business. Wells, who has been in the marine insurance industry for 15 years, began his career as an underwriting assistant at Mercia Marine (Underwriting) Limited in 2006.
“It’s been a challenging couple of years for the global marine industry, with several headline-making losses serving as a reminder of risks faced by our clients,” said Sundeep Khera, head of marine, UK & Lloyd's, and global head of hull at AXA XL. “At the same time, the lingering impacts of the COVID-19 pandemic – such as supply-chain disruption and laid-up vessels – suggest there will be plenty of challenges to overcome in 2022. In these uncertain times, we need to be doing all we can to give our clients the support they need as they seek to mitigate and transfer their risks and to take advantage of opportunities such as increased demand. Key to this is ensuring we have a team in place with the right talent and expertise, which is why I’m delighted to welcome Matt to his new role. His experience – particularly on the hull side – will be a huge benefit as we continue to provide an exceptional service to our clients.”
New hire has been in the marine insurance industry for 15 years
