What's Happening?
AXA XL Reinsurance has appointed Dan McCrosson as a senior underwriter for its U.S. property treaty reinsurance team based in Stamford, Connecticut. McCrosson brings extensive experience from his previous
roles at major commercial insurers, where he managed various underwriting responsibilities. His expertise includes handling property classes of business, such as construction and inland marine, and he has spent the last five years focusing on property treaty business at Swiss Re. In addition, Howden has named Colleen Ryan as the chief communications and marketing officer for its U.S. retail operations. Ryan will lead marketing and communications strategies to enhance Howden's brand presence in the U.S. market.
Why It's Important?
The appointment of McCrosson to AXA XL Reinsurance's team is significant as it strengthens the company's underwriting capabilities in the U.S. property treaty sector. This move is likely to enhance AXA XL's competitive edge in the reinsurance market, potentially leading to more robust risk management solutions for clients. Meanwhile, Ryan's role at Howden is crucial for establishing the company's retail brand in the U.S., which could lead to increased market penetration and customer engagement. Both appointments reflect strategic efforts by these companies to bolster their positions in the insurance and reinsurance industries.
