AXA XL, the property and casualty specialty risk division of AXA, has announced the appointment of Matt Waters as Head of its Large Commercial and Specialty business unit, effective immediately.
In his new role, Waters will be responsible for leading AXA XL’s Large Commercial and Specialty lines portfolio across the US, Canada, and Bermuda.
He will focus on driving profitable growth, enhancing underwriting discipline, driving profitable growth, attracting top talent, and further solidifying the company’s relationships with clients and brokers throughout North America.
Since joining AXA XL in 2022 to establish its Mid-Market business in the Americas, the executive has overseen the development and expansion of his team along with its product suit.
Under his leadership, the business has consistently outperformed growth projections, generating strong and profitable expansion across major industries while maintaining strict underwriting discipline.
Prior to joining AXA XL, Waters spent 25 years at Liberty Mutual, where he held a series of senior leadership positions across a wide range of property/casualty segments, including Construction and Energy.
Commenting on the appointment, Lucy Pilko, AXA XL’s CEO, Americas, said: “Our Large Commercial and Specialty clients are navigating increasingly complex risks in a challenging insurance environment. Matt’s proven leadership in building successful businesses and teams, especially in expanding our Middle Market division, highlights his ability to drive strategy, strengthen relationships, and foster growth.
“He’s excited to leverage our talented Large Commercial and Specialty underwriting teams to support consistent disciplined underwriting and deliver valuable solutions to our clients and broker partners.”
Jim DiVirgilio, AXA XL’s recently retired Chief Claims Officer who is now serving in an advisory role, is stepping in to temporarily lead the Mid-Market team while a search for new leadership is conducted.
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