The 2022 Executives to Watch: AXA XL’s Andrew Innes
Though many people have been frustrated with their insurance policies, few have turned that frustration into a career.
But AXA XL’s Andrew Innes did just that.
“Whilst there I looked at various careers and had decided on underwriting in a fit of inspiration while exchanging arguments with my car insurance broker,” he said.
Innes had been working at IBM since he graduated university, but he was looking for a different career path. After the argument with his car insurance broker, he began looking for jobs in the commercial industry.
He eventually landed a position at Hill Aviation Syndicate 800 because the person hiring for the job was impressed with the way he filled out his application.
“I had written my application in ink which he felt made it a personal approach,” Innes said. “I have been working in the industry ever since.”
He worked in various jobs in aviation insurance, before ending up at Caitlin Syndicate in 2003, which was eventually acquired by AXA XL. Since then, he’s ascended through numerous roles in the company.
Now, Innes has been promoted to global practice leader, products and airports, aerospace, AXA XL.
In this role, he’ll be responsible for developing AXA XL’s global portfolio of aerospace manufacturers, service providers and airports.
“It is a role that I feel I can add more value to by delivering further consistency in our global approach. There are multiple different legal frameworks, coverage variations and insurance structures across all the different territories where we work,” Innes said.
“You can look to build better products for clients by focusing on specific solutions to a range of identified exposures within their basic coverage that they may encounter instead of a ‘one size fits all’ price/coverage option we usually see today.”
He’ll also lead an initiative to improve global governance, underwriting guidelines and pricing standards across global business units.
“One of my main goals is to work closely across all teams and regions to bring out the best practices from each area and to help continue building a uniform global culture in our approach to underwriting,” he said.
“Our goal is to constantly improve our product and service and achieving a unified response from any AXA XL office across all regions (Paris, London or New York) will continue to build on our clients’ experience and further enhance our excellent service and innovative solutions, no matter where they are.” &