Moore Stephens Strengthens Regulatory Advisory Team
Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager. John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which has enabled him to support insurers and brokers in establishing effective compliance solutions. He has a strong commercial background, having acted as operations director with a personal lines insurer, compliance director with a commercial insurance broker and most recently training and advising senior management in the management of risk at JLT Group. He also worked with the FSA advising insurance intermediaries on regulation.
AXA Posts Growth in Marine and Aviation Business
The marine and aviation division of AXA Corporate Solutions continued to make substantial progress and grow market share in 2006, the Paris headquarters reports. AXA Corporate Solutions, the specialized lines insurer within the giant AXA Group, showed a 5% growth in turnover, reaching €1.689 billion in 2006, while keeping its combined ratio at 100%. The company is one of the players in marine insurance. In 2006, 22 percent of its marine business came from French clients and 78 percent from the rest of the world. Major renewals of programs at the beginning of this year were secured. In the U.K., cargo insurance is growing rapidly under an initiative to target high-end U.K. clients, and several big multinational accounts have been won.
