Leadership changes and senior appointments continue to reshape the global insurance and reinsurance sector, as major carriers refine their executive teams across underwriting and governance functions.
AXA XL appoints head of marine
AXA XL has named Michael Reynolds as head of marine, UK & Lloyd’s, and global chief underwriting officer for hull, with the London-based executive set to assume the role in Q3 2026.
In this position, Reynolds will lead the development, execution, and management of underwriting strategy for AXA XL’s UK & Lloyd’s marine portfolio, while also overseeing the global strategy for its hull business.
He brings more than four decades of experience in the London market across underwriting and broking. Reynolds joins from Lockton, where he served as partner and head of marine for London, as well as a member of the global marine executive team. Prior to that, he was deputy head of marine at Chubb.
Aegon nominates Marco Keim to a.s.r supervisory board
Aegon has nominated Marco Keim, CEO of its international business and a member of the executive committee, to succeed Aegon CEO Lard Friese as a non-independent member of the supervisory board of Dutch insurer a.s.r.
The move follows Aegon’s December 2025 announcement that Friese would step down from the board to focus on relocating the group’s head office and legal seat to the US. Aegon currently holds a strategic stake of approximately 24% in a.s.r.
Keim’s appointment will be put to shareholders for approval at the insurer’s annual general meeting on May 20. If approved, he will join the supervisory board at the close of the meeting, serving a term through to July 4, 2028.
Keim joined Aegon in 2008 as CEO of Aegon the Netherlands, having previously led Zwitserleven. His experience also spans senior marketing roles within and beyond the insurance sector, alongside multiple supervisory positions.
