AXA XL has introduced a dedicated prevention business unit, adding a fifth division to its structure alongside Americas, APAC & Europe, UK & Lloyd’s, and Reinsurance. The move reflects the insurer’s broader strategy to place risk insight and closer client collaboration at the center of its offering.
The newly formed unit is designed to bring together advanced data, analytics, and technology with AXA XL’s existing risk engineering and advisory capabilities. Its purpose is to help businesses better prepare for and reduce exposure to complex challenges such as climate-related risks, supply chain disruption, cyber threats, and operational resilience issues.
Leadership of the new division has been entrusted to Libby Benet, who currently serves as AXA XL’s Global Chief Underwriting Officer. She joined the company in 2020 as Chief Underwriting Officer for Cyber and was elevated to the global underwriting role in 2022.
Before arriving at AXA XL, Benet ran her own consultancy and built a career through senior leadership roles at Beazley, General Insurance, and Zurich. Her underwriting experience and international perspective are seen as central to shaping the development of the new business area.
Prevention Becomes a Core Service Focus
Scott Gunter, CEO of AXA XL, said prevention should play a central role in the way the company supports its clients. He explained that making services a core element of the business marks an important step forward, while also strengthening AXA XL’s long-term position in the market.
Gunter added that Benet’s combination of underwriting expertise, global outlook, and client-centered approach gives her a strong foundation to lead and expand the unit. The company views this launch as a significant step in broadening how it serves clients beyond traditional risk transfer.
Benet said clients increasingly expect more than insurance protection alone and are seeking partners that can help them anticipate, prevent, and manage risk more effectively. She noted that the new unit will allow AXA XL to build on its existing strengths, deepen client engagement, and more closely integrate prevention and risk insights into its global service model.
