AXA XL names new alternative risk and captives leader in Canada

AXA XL has named Stephen White as alternative risk and captives leader for Canada.

White, who will be based in Toronto for his new role, will oversee the continued growth of AXA XL’s captive business in Canada. He will work closely with clients and broking partners to develop new and innovative solutions, a release said.

With more than 30 years of experience, White joins AXA XL from Purves Redmond Limited, where he also led the company’s alternative risk transfer practice. Throughout his career, he has led a wide range of risk management and operations at various Canadian brokerages and financial institutions, such as the Royal Bank of Canada and the Canada Imperial Bank of Commerce.

“In the current market, clients are increasingly looking for partners with whom to develop risk management programs to retain more risk in an efficient manner while, at the same time, mitigate emerging risk with bespoke products,” said AXA XL Canada country manager Renato Rodrigues. “We have the appetite and right expertise to be that partner.”

“Stephen’s extensive expertise will be of great value to our existing and future clients looking to diversify their risk management strategies alongside a global team of specialists in alternative risk transfer solutions,” added AXA XL Canada head of distribution and client management Jonathan Ashall.

Read more: AXA reveals revenue figures for 9M 2022

For the third quarter of 2022, AXA’s gross revenues increased to €78.4 billion (approx. CA$105.49 billion), from €76 billion in the same period last year.