AXA XL hires Marsh talent to grow in US commercial bonds market

Re/insurer  AXA XL has hired a senior underwriter for commercial bonds from broker Marsh.

Theresa Giraldo (pictured) will join AXA XL's Political Risk, Credit & Bond (PRCB) team. Based in New Jersey, she will work across the US Northeast and Mid-Atlantic regions to support the continued growth of the business.

Giraldo will be responsible for new business production, underwriting and client and broker relationships. She will work collaboratively with the East Zone leadership team and casualty teams across the US to generate cross selling opportunities within AXA XL.

Giraldo joins AXA XL from Marsh where she served as vice president, surety, procuring surety markets for clients, managing rate negotiations, capacity generation, and programmes on large commercial and contract accounts.

AXA XL's commercial bonds team offers a comprehensive set of bond products including supply, customs, licence and permit, lost instrument, court bonds (appeal, admiralty, bankruptcy trustee), depository, performance and payment for service providers, subdivision, reclamation, closure / post closure, workers compensation and utility.

Maria Duhart, global head of commercial bonds at AXA XL, said: "Theresa brings a wealth of experience in the Commercial Bonds market. She will be a fantastic asset to our growing team, both as a market-facing expert and as a mentor to our younger underwriters and risk analysts across the US."

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