AXA

AXA XL Reinsurance, part of the AXA Group, is a global provider of property and casualty reinsurance solutions. It has in-house climate scientists, proprietary pricing tools, and a presence in all key global markets.

History of AXA XL Reinsurance

AXA XL Re started as XL in 1986. Its roots trace back to the Cayman Islands, and the company later moved to Bermuda.

In 2018, AXA acquired XL Group, creating today’s AXA XL Reinsurance division. Here are more milestones that helped its journey:

• 1985: creation of the AXA brand as part of AXA’s global identity
• 1991: XL listed on the New York Stock Exchange through an IPO
• 1996: AXA merged with UAP as part of its expansion strategy
• 1999: XL renamed itself XL Capital Ltd. after acquiring Mid Ocean
• 2003: XL purchased French reinsurer Le Mans Re to grow in Europe
• 2015: XL finalized its $4.1 billion deal to acquire Catlin Group
• 2024: Greg Schiffer named CEO of North America Reinsurance at AXA XL Reinsurance

AXA XL Re’s most recent transformation followed AXA’s full integration of XL. The combined brand now leads in global P&C reinsurance with climate science at its core.

Reinsurance products and services

AXA XL Reinsurance offers a broad set of reinsurance solutions across global markets:

Casualty reinsurance

• auto and motor liability: reinsurance for vehicle accident claims
• workers’ compensation: cover for workplace injury and comp cat risks
• employers’ liability: protects against job-related injury claims
• professional liability: covers legal, medical, and financial malpractice
• general liability: shields businesses from third-party injury or damage claims
• cyber: protects against data breaches and digital threats
• accident and health: reinsurance for injury, illness, and travel cover
• product recall: support for defective or unsafe product events
• clash and systemic cover: cover for multiple losses from one event

Property reinsurance

• catastrophe: models and covers large natural disaster losses
• risk excess of loss: protects against single large claim shocks
• proportional property: shares client risk and premium
• facultative: flexible support for specific, individual risks
• construction and engineering: reinsurance for large and complex builds
• property treaty: tailored portfolio-level reinsurance options

Specialty reinsurance

• aviation and space: reinsurance for air and space operations
• aviation war/terror: cover for hostile or political threats to aviation
• marine and energy: global reinsurance for shipping and offshore energy
• whole account: all-in-one reinsurance across business lines
• trade credit: protection from customer non-payment
• surety: covers contract and commercial bonds
• political risk: reinsurance for losses from government actions
• health reinsurance: US medical stop loss and excess cover

AXA XL Reinsurance blends science, engineering, and tech to better support risk understanding. Its platforms also use post-event imagery and data tools to validate claims and exposures faster.

Culture and core values

AXA XL Re promotes a workplace rooted in shared values and personal growth. Its culture is shaped by inclusion, open participation, career development, and colleague well-being.

Workplace environment and benefits

It blends a global platform with inclusive teams and a fast-moving, supportive culture. The staff is also provided with:

• My Money: savings plans, paid leave, insurance, and family financial protection
• My Health and Wellbeing: medical coverage, wellness programs, and preventive care
• My Leave: paid time off and flexible leave for life events
• My Lifestyle: discounts, gym access, service awards, and giving programs
• Healthy You Program: flu shots, virtual care, screenings, and critical health support
• parenthood support: paid parental leave and help during fertility or pregnancy loss
• caregiver assistance: time off to support seriously ill or elderly family
• compensation: fair salary, bonuses, and long-term incentive awards

Employees at AXA XL Reinsurance join a team that values progress, resilience, and making an impact worldwide.

Inclusion and diversity

Their inclusion initiatives focus on fairness, dignity, and making all voices matter worldwide:

• Dignity at Work: equal rights across identity and background
• Employee Engagement in I&D: 27 global resource group chapters
• LEAD: supports gender equity for all
• Pride: network for LGBTQ+ and allies
• Rise: boosts underrepresented racial and ethnic talent
• EnAble: inclusion of visible and invisible disabilities
• Inclusion Committees: drive inclusive workplace practices

These efforts reflect AXA XL Re’s values and its ONE AXA goal of shared success.

Sustainability approach

AXA XL Reinsurance’s Roots of Resilience strategy supports climate action and nature protection. It promotes integrity through zero tolerance for fraud and the Speak Up reporting system.

The future at AXA XL Reinsurance

AXA XL Re linked with McGill and Partners to simplify digital risk placement. It uses a custom dashboard to streamline quoting and improve exposure insight. With this strategy, the firm strengthens its lead in a more connected and efficient future.

AXA XL Reinsurance grew gross premiums by 12 percent in early 2025, led by ILS cessions. Most of that growth was ceded to AXA’s own ILS Capital Management platform. This strategy lets the company serve clients, reduce risk, and earn fees without expanding its own book.