Paris - February 01, 2021 – AXA XL Insurance announced it has appointed Caroline Tran as Product Leader, Political Risk, Credit & Bond (PRCB) – Europe.
In this newly created role, Ms. Tran will be responsible for developing the underwriting strategy for Europe and overseeing its implementation, working closely with AXA XL’s local PRCB underwriters and distribution teams. She will also be directly responsible for AXA XL’s PRCB portfolio in France.
Commenting on the appointment, Dan Riordan, Global Chief Underwriting Officer, PRCB, said: “2020 has showed us that the world is a more volatile and unpredictable place than ever before. COVID-19 has impacted infrastructure projects and supply chains. In politics, major changes in trade agreements and unrest add to an already heightened risk environment for companies trading and investing across borders. To manage these risks, having the right insurance protection in place is paramount.”
Yannick Daucourt, Chief Underwriting Officer – Specialty, APAC & Europe, further commented: “With foreign trade accounting for over a third of the European Union’s gross domestic product, many European companies are by nature outward-oriented. As such, these require expert solutions to understand and manage the risks associated with trading overseas. And with increasing political tensions, both globally and close to home, we are seeing increased demand from these organisations.”
He added: “We are delighted that Caroline has joined the team to help our Europe-based clients to tackle these complex risks.”
Ms. Tran joins AXA XL with over 17 years’ experience in the political and credit risk insurance industry. She started her career with COFACE in Shanghai in 2004 and became a country risk analyst and a political risk underwriter for Unistrat COFACE in Paris in 2005. Most recently she held the position of Deputy Head of Special Products and Product Leader structured single situations and political risks at Atradius after serving in senior roles both in the UK and Europe.