AXA XL has revealed the latest addition to its senior management team.
The insurer has announced the appointment of Peter Welton as its new chief underwriting officer for marine, energy and aerospace for the UK and Lloyd’s region, effective immediately.
In his new role, Welton will be responsible for developing and executing the underwriting strategy for the UK marine, energy and aerospace books, and optimising product offerings and profitability. He will lead a team of underwriters in the London office.
Welton moves on from his position as UK head of energy, which he had held since 2019. Prior to that, he served as AXA XL’s senior class underwriter for downstream energy and power, beginning 2016.
Luis Prato, chief underwriting officer for the UK & Lloyd’s market at AXA XL, expressed excitement about Welton’s appointment.
“Peter has excelled in his role as UK head of energy and has built up a strong reputation both within AXA XL and the wider insurance market,” he said. “His high level of technical expertise and knowledge will further strengthen our proposition and help to ensure we are the insurance partner of choice in this important region. His appointment is also a demonstration of the depth of talent we have at AXA XL.”
