AXA XL Names Stephen White Canada Captives and Alternative Risk Leader

AXA XL has appointed Stephen White as alternative risk and captives leader for Canada. Based in Toronto, Mr. White will oversee the continued growth of AXA XL's captive insurance business in Canada, working closely with clients and broking partners to develop new and innovative solutions.

"In the current market, clients are increasingly looking for partners with whom to develop risk management programs to retain more risk in an efficient manner while, at the same time, mitigate emerging risk with bespoke products. We have the appetite and right expertise to be that partner," AXA XL Country Manager Renato Rodrigues said in a statement.

Mr. White joins AXA XL from Purves Redmond Limited, where he led the Alternative Risk Transfer practice. He brings more than 30 years of experience in leading a wide range of risk management and operations at leading brokerages in Canada as well as some of Canada's top financial institutions including Royal Bank of Canada and the Canada Imperial Bank of Commerce.

"Stephen's extensive expertise will be of great value to our existing and future clients looking to diversify their risk management strategies alongside a global team of specialists in alternative risk transfer solutions," Jonathan Ashall, head of distribution and client management, Canada, said in the statement.

AXA XL offers captive insurance and fronting insurance programs across a wide range of lines to help businesses looking to self-insure some of their risk.