AXA XL Names Matthew Waters To Lead US Middle Market Initiative

AXA XL Insurance has appointed Matthew Waters as head of US Middle Market to lead an initiative aimed at expanding the company's reach in the US commercial insurance market.

Based in Boston, Mr. Waters reports to Joe Tocco, AXA XL's CEO of the Americas.

"In the US, AXA XL's market leadership in the large commercial, financial lines and specialty insurance segments is well-established," Mr. Tocco said in a statement. "Extending our presence in the adjacent middle market businesses in the US is a clear opportunity."

"When we speak about middle market, we are referring to those companies with operations that require expert underwriting, claims, and risk services. Off-the-shelf products and services generally do not meet their needs," Mr. Tocco said. "We're excited to have someone with Matt's experience and track record to help us determine how we can better serve this important market segment which, we believe, would benefit from AXA XL's expertise and capabilities."

In his new role, Mr. Waters will build out AXA XL's target middle market client offering, tapping the company's underwriting, data, risk consulting, and claims handling to deliver tailored solutions for identified businesses.

Mr. Waters joins AXA XL from Liberty Mutual, bringing more than 20 years of middle market underwriting management experience and demonstrated leadership across the various and diverse property and casualty segments, including construction and energy. He most recently served as executive vice president, general manager for Liberty's Middle Market business.