AXA XL Names Chief Underwriting Officer for Americas Marine Business

AXA XL Insurance has promoted Michael Perrotti to the position of chief underwriting officer (CUO) for its marine insurance business in the Americas.

Previously inland marine practice leader for AXA XL's marine business in North America, Mr. Perrotti assumes the CUO role from Anne Marie Elder, who will now focus on her role as global chief underwriting officer for AXA XL's marine business worldwide.

Reporting to Donna Nadeau, AXA XL's chief underwriting officer for the Americas, in his new role, Mr. Perrotti will oversee all underwriting activities and portfolio management throughout the United States, Canada, and Bermuda for AXA XL's marine insurance products, including inland marine, ocean cargo, blue and brown water hull, protection and indemnity, and excess and primary marine liabilities.

"Mike has managed the profitable growth and regional expansion of our inland marine business from the ground up," Ms. Nadeau said in a statement. "Since joining AXA XL, he and his team have been instrumental in building our regional footprint and developing market-leading inland marine products to address construction, motor truck cargo, logistics, and warehousing risks, among others. I'm excited to see him step up into this CUO role and look forward to seeing how he and his team steer continued innovation and growth within our marine business."

Mr. Perrotti joined AXA XL in 2011. He has more than 30 years of experience in home office and field management marine underwriting experience, having held positions with Zurich North America, The Hartford Insurance Group, Travelers, and the Atlantic Mutual Companies.

Mr. Perrotti is a graduate of St. John's University School of Insurance and holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Marine Insurance Management (AMIM) designations. He also is a member of the board of the Inland Marine Underwriters Association (IMUA).