AXA XL Risk Digest
Welcome to the AXA XL Digest, our dedicated LinkedIn newsletter. Each month, we’ll bring you industry insights and expert perspectives to help keep our clients and brokers informed about the latest trends in risk management and insurance.
Read on for expert commentary, industry highlights, and important updates from AXA XL and beyond.
Introducing the Multinational Solutions Client Portal
As companies expand globally, multinational insurance solutions offer essential, centralized coverage across multiple countries and lines of business. Technology plays a vital role in managing these complex programs streamlining processes, enhancing data insights, and ensuring compliance.
Available through AXA’s Digital Commercial Platform, AXA XL’s new Multinational Solutions Client Portal provides real-time tracking and greater transparency, empowering clients to manage their risk programs effectively across borders. With over 40 years of expertise, AXA XL operates in 200+ countries, delivering comprehensive, innovative solutions to support international growth and risk management.
Read more about the Multinational Solutions Client Portal here - Multinational Solutions: Leveraging technology to bring greater transparency and control
Financial Times: Risk in the Boardroom with Sean McGovern, CEO UK & Lloyd’s
Sean McGovern, AXA XL UK & Lloyd’s CEO, emphasizes that data analytics enhances risk management by identifying vulnerabilities early. In the latest episode of The Next Five on FT Partner Content, he joins Pam Joshi-Lazarou and Sarah Isted to discuss risk at the board level and the evolving leadership needed to navigate an uncertain future.
Tune in here: Financial Times - The Next Five - Risk in the Boardroom
Large cyber claims unveiled: a focused study on trends, threats, and tailored solutions
A recent AXA XL study reveals that 88% of cyber losses over the past decade stem from claims exceeding $1 million, driven mainly by ransomware. The report, “Cyber Claims Unveiled,” analyzes 300+ claims, highlighting trends like rising claim severity, improved breach detection, and industry-specific risks. Notably, organizations now detect breaches internally 66% of the time, up from 36% pre-2019, reflecting greater resilience.
Ransomware remains a dominant threat, affecting over half of recent large claims. Larger organizations and sectors like healthcare and retail face higher risks of significant claims and business interruption. The insights help AXA XL improve underwriting, develop tailored solutions, and enhance client protection. For more details, download the full report here. AXA XL continues to support businesses with comprehensive cyber insurance, risk management, and proactive cybersecurity solutions.
For details, see the full report here: Large loss claims account for 88 percent of all its global cyber losses says AXA XL study revealing key trends and insights.
Decarbonizing the energy value chain: Insurance and supply chain resilience
$19 trillion has been pledged globally for the energy transition by 2030, but can energy supply chains keep pace? Our latest collaborative report with Reuters Events delves into the challenges facing supply chains as the world shifts to a low-carbon economy. From geopolitical risks to critical mineral shortages, the complexities are significant. However, there are substantial opportunities for insurance to make a difference. By transferring investment risks and supporting capital flows, insurance can help accelerate project development and ensure resilience in this vital transition. As the energy landscape evolves, understanding these dynamics is more important than ever.
🔗 Access the full report here: https://lnkd.in/emDZZpa2
AXA XL News
AXA XL Celebrates Award victory at the 2025 US Captive Review Awards
We are thrilled to announce that AXA XL has been named 'Best Group Captive Manager of the Year' at the 2025 US Captive Review Awards! Congratulations to our dedicated captive leaders—Steven Bauman, Peggy Rubin, MBA, and Joseph Davina—who proudly accepted the award in Burlington, Vermont, earlier this week. This accolade reflects our commitment to excellence and innovation in captive management
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Dive In Festival 2025
At AXA XL, belonging means being yourself and feeling connected. It fosters trust, collaboration, and innovation. As Dive In Festival 2025 returns, we embrace belonging as a business imperative, unlocking resilience and potential. Together, we build tomorrow through inclusion and shared values. #DiveIn2025
AXA XL Summer Intern Programme
This summer, AXA XL hosted 56 interns, including Black Interns and Future Academy students. They gained industry insights through workshops, mentorship, and engaging activities. This program highlights rewarding insurance careers. Interested in 2026? Stay updated on our careers page: https://lnkd.in/e9n83tXE.
AI is transforming industries, but new risks—bias, data security, liability, and regulation—rise with adoption. Lucy Pilko, CEO, Americas, AXA XL, emphasizes that insurers are developing tailored solutions and collaborating closely with clients. Managing AI risks proactively will be crucial to harness its full potential in the digital future.
The UK cyber insurance market is growing, but evolving threats like AI-driven attacks and deepfakes increase risks. Costs are rising - $4.9M on average per breach in 2024 - and attackers are bypassing MFA and targeting cloud and zero-day vulnerabilities. Building resilience and staying ahead is more critical than ever. Read more from Vanessa Leemans.
Using memes, TikTok’s, or stock images without proper rights can cost up to $150,000 per infringement. Implement clear workflows, secure licenses, and consider cyber/media liability insurance to protect your business from costly copyright claims and legal risks on social media.
The wholesale insurance market remains resilient, with strong growth in E&S lines despite some softening in property. Tim Whisler highlights market discipline, ongoing opportunities, and AXA XL’s rapid expansion—driven by innovation, talent, and strategic focus ensuring sustainable growth in a dynamic and evolving landscape.
Marine insurance is key to sustainable ocean progress. From innovative sail-assisted ships to electric ports, insurers partner with clients to manage risks and enable decarbonization. Supporting projects in the Blue Economy helps create a resilient, sustainable future for global trade and marine resources.
UK, Europe & APAC
This summary does not constitute an offer, solicitation or advertisement in any jurisdiction, nor is it intended as a description of any products or services of AXA XL. The information contained herein is intended for informational purposes only. Insurance coverage in any case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details.
US & Canada
The information contained herein is intended for informational purposes only. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. This summary does not constitute an offer, solicitation or advertisement in any jurisdiction, nor is it intended as a description of any products or services of AXA XL. AXA XL is a division of AXA Group providing products and services through three business groups:
AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA XL Insurance Company Americas, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, insurance coverages are underwritten by XL Specialty Insurance Company - Canadian Branch. In Bermuda, the insurance company is XL Bermuda Ltd. Coverages September also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.
AXA, the AXA and XL logos are trademarks of AXA SA or its affiliates. © 2025. Information accurate as of September 2025.
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