Axa can do what Catlin could not: XL CEO

Mike McGavick

An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.

Mike McGavick, CEO of XL Group, pictured, said the scale, global presence and financial strength of Axa would enable XL to achieve what its acquisition of Catlin could not. XL bought Bermuda-based

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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