Leadership changes and senior appointments continue to reshape the global insurance and reinsurance landscape, with major carriers and groups refining their executive line-ups across underwriting and governance.
AXA XL has appointed Michael Reynolds (pictured above, left) as head of marine, UK & Lloyd's, as well as global chief underwriting officer for hull. Based in London, he is due to take up the role in Q3 2026.
Reynolds will be responsible for developing, executing and managing the underwriting strategy for AXA XL’s UK & Lloyd’s marine portfolio, as well as setting and overseeing the strategy for the insurer’s global hull book.
Reynolds has more than 40 years of London market experience across underwriting and broking. He joins from Lockton, where he was partner, head of marine for London and a member of the global marine executive. Prior to Lockton, he served as deputy head of marine at Chubb.
Aegon has nominated Marco Keim (pictured above, right), CEO of Aegon’s international business and a member of its executive committee, to succeed Aegon CEO Lard Friese as a non‑independent member of the supervisory board of Dutch insurer a.s.r.
Aegon holds a strategic stake of around 24% in a.s.r., and the nomination follows its announcement in December 2025 that Friese would step down from the board to focus on relocating Aegon's head office and legal seat to the US.
The proposal to appoint Keim will be put to a vote at the Dutch insurer's annual general meeting on May 20. Subject to shareholder approval, he will join the supervisory board at the close of the meeting, with a term running until July 4, 2028.
Keim joined Aegon in 2008 as CEO of Aegon the Netherlands, having previously served as CEO of Zwitserleven. His background also includes senior roles in marketing both within insurance and other industries, as well as a range of supervisory positions.
