Axa XL’s chair of the boards set to retire

Axa XL has today (15 September 2022) announced that Claire Ighodaro will retire from her role as chair of the boards at Axa XL Underwriting and Axa XL Insurance UK, effective from 31 December 2022.

She has served as chair of the Axa XL UK boards since January 2017.

Nigel Hinshelwood will succeed Ighodaro as chair of Axa XL UK boards from 1 January 2023, subject to regulatory approval.

Hinshelwood initially joined Axa XL’s UK boards as non-executive director in September 2022.

Ighodaro said: “It’s been a great privilege to serve as chair of Axa XL’s UK entities for the past five years.

“Following Axa’s acquisition of XL Catlin in 2018, the management team has been hugely successful in introducing a new operating model and driving improvements across performance, governance and controls and market engagement to build a profitable business that’s sustainable for the long term.

“This has been achieved while remaining unwavering in our commitment to delivering for clients, brokers and cover holders during a period of challenging trading conditions.

“I welcome Hinshelwood to the boards and wish him well when he takes over the role of chair next year. I am certain his chairmanship will also be a success.”

Thank you

Hinshelwood has more than 30 years’ experience in the technology and financial services sector and has lived and worked across the UK and Europe, North and South America, the Middle East and Asia Pacific region.

He said: “I’m delighted to have been asked to succeed Ighodaro and I look forward to working with the board, the Axa XL UK leadership team and colleagues from Axa Group to help build on the success of the past few years and continue to drive the UK business forward with confidence and purpose.

“I’d like to take this opportunity to thank Ighodaro for her support in helping to steer the UK business through the past five years and the unimaginable challenge of Covid-19. I wish her the best in her future endeavours.”

Most recently, Hinshelwood held the position of head of HSBC UK and deputy chief executive of HSBC Bank Plc.

He has had responsibility for major customer-facing profit and loss statements and has extensive experience of large-scale transformation, operations and technology projects with organisations including HSBC, Unisys, Cap Gemini and Ernst and Young.

Hinshelwood is the senior independent director of Lloyds Bank Plc and Bank of Scotland Plc and a member of the Risk, Audit, Nomination and Remuneration Committees and chair of the IT and Cyber Advisory Forum.

He is also the deputy chair of Ikano Bank and a member of the Adobe International Advisory board.