AXA XL promotes Steven Farr to global head of upstream energy

AXA XL Insurance has promoted Steven Farr to global head of upstream energy, based in London.

In his new role, Farr will be responsible for developing the upstream energy book, expanding on and delivering underwriting strategy and product profitability.

Farr joined Catlin Underwriting Agencies (now AXA XL) in 2007 following the acquisition of Wellington as a claims adjuster within the global energy team, where he held several claims and underwriting roles, before being made energy class underwriter in 2012. He began his career in 2002 in claims at Liberty Syndicates. A year later, he moved to Wellington Underwriting, where he later undertook the role of UK property and liability claims adjuster.

Huw Jones, chief underwriting officer for global energy at AXA XL, said: “Upstream Energy is an integral part of AXA XL’s business, and having the right team in place is central in supporting our clients as they navigate the wide spectrum of traditional and emerging risks faced by this sector.

“I’m delighted that Steve will be undertaking the role of Global Head of Upstream Energy. He has considerable experience of underwriting upstream energy risks and has built up a stellar reputation in the market thanks to his close relationships and technical expertise.

“Steve’s appointment is a testament to the talent we have within the Global Energy team here at AXA XL; I have every confidence he will succeed in this new role and continue to be a strong partner to our clients and brokers across the world.”

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