AXA XL Insurance has appointed John Liantonio as Head of Mid-Market Private Equity, ahead of the targeted launch of the company’s US Mid-Market insurance business.
Based in New York, Liantonio will report to AXA XL’s Head of US Mid-Market, Matt Waters.
Within his new role, Liantonio will build the underwriting unit providing multi-line P&C insurance for mid-sized portfolio companies managed by Private Equity firms.
AXA XL noted that the team plans to officially launch its underwriting operations in July 2023.
Once launched, AXA XL’s US Mid-Market team will offer Workers Compensation, Commercial Auto, General Liability, Property and Umbrella.
Liantonio joins AXA XL from CNA where he led Commercial Private Equity underwriting for the East region.
Throughout his career, he has held positions with Travelers, which also focused on the Private Equity as well as M&A, and Zurich North America. He started his underwriting career at Greater New York Insurance Companies.
Commenting on the appointment, Waters, said: “In the U.S., we’re taking a targeted approach in launching our Mid-Market capabilities. By focusing on a specific market segment, we can thoughtfully ramp up our underwriting capabilities and operations and extend to other business segments as we grow.
“Addressing the insurance needs of Private Equity portfolio companies gives us an extraordinary opportunity to address diverse risks while meeting the demand for efficiency and responsiveness. We are very fortunate to get John to facilitate the launch of this business and build out his team.”