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London - United Kingdom - February 20, 2020

AXA announced today the appointment of Scott Gunter, previously Senior Vice President of Chubb Group and President of Chubb’s North America Commercial ÓÈÎïÊÓƵdivision, as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group.

Scott will join AXA’s Management Committee, reporting to Thomas Buberl, CEO of AXA.

“I would like to warmly thank Greg for his leadership in managing the integration of XL over the past two years and building the new ¾ÅÉ«ÊÓƵdivision, which is today a solid and well-positioned franchise. Greg’s contribution has been instrumental in creating business synergies and ensuring a smooth transition for our clients and brokers. With the effective consolidation of AXA Art, AXA Corporate Solutions and XL's activities under one roof, he has laid the foundation for AXA XL’s future success as part of the #1 global commercial lines insurance platform. I wish him all the best in his future endeavors.

“I am very happy that Scott is joining AXA. Scott brings over 30 years of experience, a strong track record in commercial insurance and underwriting and a profound knowledge of the North American market. Prior to his last role as President of Chubb’s North America Commercial ÓÈÎïÊÓƵdivision, Scott held several global positions within Chubb, including Chief Underwriting Officer. I am convinced that his deep experience and leadership skills coupled with the highly professional and engaged teams of ¾ÅÉ«ÊÓƵ will be a winning combination to drive the next phase of AXA XL’s development,” said Thomas Buberl.

“I am proud of the work done together with our colleagues in creating the new ¾ÅÉ«ÊÓƵdivision. As I move on, I am convinced that the expertise, ability to innovate and customer focus which are at the heart of our DNA will be key assets in ensuring the continued success of this great platform,” commented Greg Hendrick.

“I am very happy to join the AXA Group and look forward to working with AXA XL’s teams to accelerate its development. Together, we will leverage our unique position in the market and our recognized expertise to make ¾ÅÉ«ÊÓƵthe best global commercial lines insurance partner for its clients,” said Scott Gunter.

These changes will be effective immediately, subject to any required regulatory approval.

Biography: Scott Gunter

Scott Gunter holds a bachelor’s degree from Wilfrid Laurier University and graduated from Queen’s University (Ontario, Canada) Executive Program. Before joining AXA, he served as Senior Vice President of Chubb Group and President of Chubb’s North America Commercial ÓÈÎïÊÓƵdivision. He was previously Chief Operating Officer, North America Personal Risk Services and Chief Underwriting Officer of Chubb Commercial ¾ÅÉ«ÊÓƵ. Scott started his career in 1986 and has served in a number of positions of increasing responsibility in underwriting and field management in the US and Canada.