As part of the recently announced insurance underwriting operations reorganization in the Americas, which aligned its three business segments under Large Commercial, Mid-Market and Professional, AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Noel Pearman as the Chief Underwriting Officer (CUO), Bermuda.
Pearman will report to Donna Nadeau, AXA XL’s Insurance Head of Large Commercial, Americas.
His remit will include leading the Bermuda insurance business, and developing and executing the underwriting and distribution strategy while collaborating with the other Americas underwriting business leaders.
Nadeau commented on Pearman’s appointment, “We are thrilled that Noel has taken on this important position.
“His underwriting experience, respected reputation and successful track record as an industry thought leader, particularly in the cyber space, makes him the perfect person for this new role.
“Our Large Commercial clients face a myriad of complex, evolving risks which require customized, innovative solutions.
“With Noel at the helm of our insurance business in Bermuda, there is no doubt that we will strengthen connections with our trading partners and provide solutions to help our clients build more sustainable, thriving businesses.”
In addition to his day-to-day responsibilities at AXA XL, Pearman co-chairs the Association for Corporate Racial Equity (ACRE) which works to advance racial equity in Bermuda’s International Business sector. He is also a Global Executive Sponsor of AXA XL’s Rise Business Resource Group, which focuses on developing employees from underrepresented racial and ethnic groups.
Pearman is a market veteran with more than two decades of industry experience and brings a combination of direct portfolio management expertise, technical underwriting insight, and proven leadership to the new role.
Previously, Pearman was Senior Vice President, Cyber Product Line Leader at AXA XL, building the premier Bermuda market cyber liability business and overseeing cyber exposure across all product lines including P&C during his tenure.
Within AXA XL, he has been a member of the Rising Leaders 2022 Cohort, America’s CUO Extended Leadership Team 2022 Cohort, and the 2023-2024 Leadership Team Advisory Council.
With his addition to the senior team, AXA XL has recognised and thanked Patrick Tannock upon his retirement from AXA XL in Bermuda this week.
Lucy Pilko, Chief Executive Officer, Americas, AXA XL, concluded, “Under Patrick’s leadership, our Bermuda Insurance business has solidified its position as an anchor market to which AXA XL is committed.
“We are appreciative of Patrick’s significant contributions to AXA XL’s success in the Americas region and the wider international business community.”
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