Ep132 Sean McGovern CEO UK and Lloyd’s, AXA XL: Redefining Everything

Today’s guest is Sean McGovern CEO, UK & Lloyd’s at AXA XL.
Sean was first on the show a year and a half ago when he was less
than a year into his first industry CEO role. When we last spoke
he was in the middle of a root-and-branch remediation of AXA XL’s
book, the severity of which had taken many by surprise. As a
senior Lloyd’s executive and spokesperson Sean had been in the
public eye for many years, so everyone knew he would be able to
handle that side of the job. But if anyone had any doubts about
his ability to lead a tough underwriting turnaround, they were
dispelled as AXA XL’s Syndicate 2003 posted a vintage 75%
combined ratio in 2021 – that’s a 59-point improvement on the
previous year. I think the difference between the two podcasts is
palpable. Here is a confident and forward-looking executive with
growth on his mind in all areas of his business. As a result this
is a really positive discussion with one of Lloyd’s largest
players about today’s opportunities as well as the major issues
affecting the London Market as a whole. I can highly recommend a
listen. NOTES A couple of abbreviations: AIRMIC stands for the
Association of Insurance and Risk Managers in Industry and
Commerce and is the UK’s Risk Manager trade body. NZIA stands for
the Net-Zero Insurance Alliance, a global industry body which has
been convened by the UN. LINKS We thank our naming sponsor
AdvantageGo: https://www.advantagego.com/ We also thank this
Episode’s advertising supporter Oxbow Partners
https://oxbowpartners.com/