AXA XL faucets head of vitality property insurance coverage

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AXA XL has announced the promotion of Scott Dalton to head its energy property business in America.

“AXA XL has a well-established reputation and experience in managing the complex industrial risks faced by energy companies,” said Michele Sansone, chief real estate underwriting officer at AXA XL. “It’s underwriting experts like Scott and his 25 years of experience serving the needs of energy companies that have helped build this reputation. We are pleased that Scott is taking on this leadership role as we continue to meet the property protection needs of the energy industry’s leaders.”

Dalton previously served as senior underwriter. In his new role, he will have responsibility for underwriting management for AXA XL’s property book for energy companies, including oil and gas, power generation, process industries and chemical companies. Dalton joined AXA XL in 2006.

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Prior to joining AXA XL, Dalton held underwriting positions – all focused on the energy industry – at Liberty International, AIG and Zurich.

In October, AXA announced new policies that limit the risk in its investment and underwriting portfolios of unconventional oil and gas activities and stop purchasing new insurance coverage for new upstream oil greenfield exploration projects or existing projects where there is only minimal or has had no prior exploration. AXA continues to underwrite energy “transition leaders” – oil and gas companies with robust plans to achieve net-zero emissions.

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