A strategic review has resulted in Axa XL creating a single global insurance Underwriting Function and three geographical business units.

The three units will focus on the Americas, Eurasia and the combined UK and Lloyd’s market.

“The regional structure will mean decisions can be made faster in-country, while the global functions will mean our clients and brokers continue to benefit from our global expertise and experience,” Axa XL CEO Scott Gunter said.

Chief Underwriting Officer Nancy Bewlay will lead the Underwriting Function unit and will also work on the design of the structure for the new operating model.

Joseph Tocco is CEO of the Americas and Sean McGovern interim CEO of UK and Lloyd’s market. Mr Gunter will act as the interim CEO of Eurasia.

At the same time, a new leadership team of Ms Bewlay, Mr Gunter, the regional CEOs and other senior executives has been formed as part of the strategic review.

“This is a positive step forward for Axa XL and I strongly believe that this new leadership team will ensure we are the insurance partner of choice across business lines and around the world,” Mr Gunter said.