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/