AXA XL appoints new UK chief exec

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He is also a board member of the Lloyd’s Market Association

AXA XL has appointed Sean McGovern as its new UK and Lloyd’s market chief executive, it is subject to regulatory approval.

McGovern was previously carrying out the role on an interim basis, but this has now been made permanent.

He is a board member of the Lloyd’s Market Association, and also a non-executive board member of TheCityUK which promotes the UK financial services sector.

In addition to this he sits as chairman of its International Trade and Investment Group.

Sean McGovern

AXA XL chief executive, Scott Gunter said: “[McGovern] deep understanding of AXA XL’s business, coupled with his significant knowledge and experience of the London and Lloyd’s market position him ideally to lead our UK and Lloyd’s presence.

“Over the course of the last few months, [McGovern] has proven his ability to put our clients and brokers at the heart of what we do and to balance strategic thinking with the day-to-day requirements needed to fulfil this important leadership position.”

Key Step

Gunter added: “[McGovern] appointment is a key step as we assemble the right team to drive AXA XL forward.

”Our new regional [chief executives] and structure will make us a simpler organisation to navigate, meaning that decisions can be made faster in country and we can continue to serve our clients to the very best of our ability.”

Originally, McGovern joined the XL Group in 2016 and has led in the claims, legal and compliance as well as regulatory and government affairs functions.

He played a major role in the merger of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin and the formation of AXA XL.

He takes on the role with thorough understanding of AXA XL’s global business and strong reputation within the London and Lloyd’s market.

Before joining XL Group, McGovern held various senior positions at Lloyd’s of London, after joining in 1996 from private practice at Clifford Chance.

In 2002, he was appointed a director and Lloyd’s General Counsel, with global responsibility for Lloyd’s legal, regulatory and government affairs globally.

And later in 2014, he also became Lloyd’s first chief risk officer and a member of the Franchise Board.