Axa XL has appointed Nancy Bewlay as CEO Reinsurance with immediate effect.

The (re)insurer says Ms Bewlay takes over from Charles Cooper who has “decided to step down” after more than 20 years as a senior executive in the company’s reinsurance business.

Axa XL says its reinsurance business “is among the world’s leading reinsurers, offering solutions that include property, casualty, and specialty reinsurance”.

Ms Bewlay has more than 30 years of industry experience and has held senior roles at XL Catlin and then Axa XL.

Most recently she was Global Chief Underwriting Officer responsible for Axa XL’s underwriting governance, pricing, and P&L globally.