AXA XL Names Libby Benet Global Chief Underwriting Officer

AXA XL has named Libby Benet as the global chief underwriting officer (GCUO), succeeding Nancy Bewlay, who recently assumed leadership of the company's global reinsurance operation.

"Given the GCUO's responsibility for underwriting governance, pricing, risk aggregation, and global product strategy, this is a big role to fill, and Libby is well prepared for it," Scott Gunter, AXA XL's CEO, said in a statement.

"Libby has done an impressive job working with our regional underwriting teams to support their disciplined underwriting, improve pricing, and manage our aggregate exposure in support of our profitable growth," Mr. Gunter said. "Libby's proven leadership, market insight, and portfolio management experience will continue to prove valuable in her new expanded leadership role."

Ms. Benet joined AXA XL in 2020, assuming the new role of chief underwriting officer for cyber, in which she was responsible for closely monitoring the company's cyber-risk portfolio and exposure from an aggregated global product view. When AXA XL implemented its new operating model, she expanded her role, assuming GCUO responsibilities for all financial lines, including cyber.

Prior to joining AXA XL, Ms. Benet managed her own consultancy, where she assisted insurance company clients in the development and implementation of new insurance products and consulted on the setup of underwriting and claims systems and provided feedback on reinsurance purchasing. Her insurance career also includes positions with Beazley, General Reinsurance, and Zurich.

Ms. Benet is a graduate of Towson University and the University of Baltimore School of Law. She is a member of the Maryland State Bar as well as a Certified Information Privacy Professional and a Certified Information Privacy Manager through the International Association of Privacy Professionals.