AXA XL expands Charbonnier's role to boost captive business

AXA XL Insurance has announced the appointment of Marine Charbonnier as head of captives & facultative underwriting, APAC & Europe.

She will lead AXA XL’s captive business for the APAC & Europe Business Unit working closely with the company’s underwriting teams to support existing and new captive programmes for clients in Europe, Asia and Australia.

Mrs. Charbonnier will also be responsible for implementing AXA XL’s outwards facultative underwriting strategy for the APAC & Europe Business Unit, supporting local underwriters.

Etienne Champion, chief underwriting officer, APAC & Europe at AXA XL, commented: “Interest in captives has risen sharply over the last three years, with our clients either owning, growing or looking to open a captive. They are a strategic risk management tool for our clients and an area of growth for our business.”

He added: “Marine is a seasoned insurance professional with extensive knowledge in captive management. She is recognised for her expertise in Europe and beyond, and expanding her role to APAC means our Asia and Australia clients will benefit from additional resources and capabilities for managing their complex risks.”

Mrs. Charbonnier was previously global programmes & captives regional director for Europe at AXA XL. She joined AXA in 2013 as head of risk financing solutions, and was promoted to head of integrated solutions A.R.T. (Alternative Risk Transfer) in 2018. Prior to working for AXA, Mrs. Charbonnier spent over 20 years at Gras Savoye, where she held various strategic roles in captives and alternative risk transfer.