Commercial bond demand prompts new hire at AXA XL

Continued demand among Canadian businesses for commercial bonds prompted AXA XL to appoint Cedric Franklin as vice president and regional director for Canada, the company said.

“Cedric’s specialized background will be of great service to our growing business while we continue to strengthen existing relationships with clients and brokers from both the public and private sectors,” said AXA XL country manager Renato Rodrigues.

AXA XL’s commercial bond products include supply/supply and install, customs, license and permit, lost instrument, court bonds (appeal, admiralty, bankruptcy trustee), depository, performance and payment for service providers, subdivision, reclamation, closure/post closure, workers compensation, release of lien and utility.

Rodrigues notes Franklin’s appointment represents an expansion of AXA XL’s commercial bond experience-base in Canada.

Franklin will be responsible for growing the company’s Canada commercial bonds business, partnering directly with clients and their brokers. He will work with Alex Barker, head of specialty insurance for Canada, and Pat Dougherty, global head of commercial bonds.

Before joining AXA XL, Franklin was vice president of surety at BFL Canada.

Feature image via iStock.com/ilkercelik