Axa board intends to reappoint Buberl as chief executive

Axa’s board of directors has announced that it intends to reappoint Thomas Buberl as chief executive.

Buberl took up the role in 2016 and since then has led a period of strategic restructuring, with him refocusing the group on its core business of insurance.

Based on the recommendation of the insurer’s compensation, governance and sustainability committee, Axa’s board of directors decided to propose the renewal of Buberl’s mandate as a director, for a four-year term, at the annual shareholders’ meeting, to be held in 2026.

The board intends to reappoint him as top boss at this meeting.

The announcement comes after Axa grew its gross written premium (GWP) by 7% in 2024 to £46.7bn (€56.5bn).

Antoine Gosset-Grainville, chairman of the board of directors at Axa, said that ”Buberl has led a remarkable transformation of Axa”.

“The group’s strong 2024 results, in a turbulent environment, demonstrate the benefits of this transformation, the resilience of its balance sheet and the strength of its franchise,” he added.

“In this context and in light of the challenges to come for the group, the board has unanimously decided to propose the renewal of Buberl’s mandate as a director in 2026 and to reappoint him as chief executive upon his renewal.

Buberl added: “I would like to thank the board of directors for the trust they have placed in me and also to thank my teams for the energy and passion they bring on a daily basis, which has been the key to the group’s success.

“We have come a long way since 2016 and I believe that the group’s transformation over the past years positions us well to navigate the new economic and geopolitical context in which we are operating today.”