AXA XL Names David Brooks to New Americas Program Business Role
June 02, 2022
AXA XL has named David Brooks to the new role of chief underwriting officer, programs and delegated arrangements for the Americas.
The move is part of the company's effort to boost its support of the US program insurance market's growth by investing more resources in its Americas program insurance business.
In his new role, Mr. Brooks will report to Donna Nadeau, AXA XL's chief underwriting officer for the Americas.
"The program insurance market is a center for innovation, creativity, and specialization. It continues to mature and is becoming a home to some of the most experienced underwriting talent in the industry," Ms. Nadeau said in a statement. "With David's new role, we're putting some of our most experienced talent to work so that we can best support our program partners' growth strategies. David brings nearly 40 years of industry experience as an underwriter, broker, and more recently as a risk manager to his new role."
Mr. Brooks moved into his new role from his position as AXA XL's chief risk officer for the Americas. After 16 years working in insurance brokerage, he joined AXA XL in 1998 to help with the initial launch of its aerospace operation. Since then, he has held numerous roles in underwriting, management, and as head of ceded reinsurance. In his more recent risk management role, he was instrumental in helping establish AXA XL's North America program due diligence protocol.
"AXA XL has a long history of supporting niche program business with partnerships that go back decades. We're looking forward to boosting our support as growth and increasing demands of the sector become more sophisticated every day," Mr. Brooks said in the statement. "Under Chris Bressette's leadership, AXA XL has built a robust and growing program business."
"We're looking forward to extending our expertise, capacity, and appetite to build more long-term program partnerships," Mr. Brooks said.
"I am excited to work with David as he aligns strategy and operational synergies across multiple delegated businesses," Mr. Bressette, AXA XL's chief underwriting officer for North America property and casualty (P&C) programs, said in the statement. "From his diverse experiences, I know he will add unique and valuable insights to our P&C space as we work together to execute profitable growth within this business model."
June 02, 2022