Starting July 1, 2022, AXA XL Reinsurance has appointed Peter Kiernan as Bermuda Reinsurance, Head of US Real Estate.

He is based in Bermuda. Peter will replace Simon Penney, who will move to London to take on a new global role as Head of Underwriting Analytics.

“Mr. Kiernan is responsible for the US real estate strategy and the execution of the business undertaken through AXA XL’s reinsurance Bermuda business. He has over 30 years of industry experience and is responsible for underwriting and business in the US real estate sector.” We have a solid track record of development, “said a spokesman.

“Mr. Penny, who started his career at Zurich Financial Services in 2005, will return to the UK on July 4, 2022 to take on a new role before joining XL Katrin as an actuary in 2007. Reinsurance segment. Responsible for pricing standards, in-house views of risks, and portfolio management across all areas of the company. Simon will report to Jonathan Gale, Chief Underwriter of Reinsurance and Deputy CEO of Bermuda Reinsurance. “

Regarding the appointment of Mr. Kianan, Jonathan Gale said: His appointment continues the legacy of our services and solutions and we are very pleased to join the Bermuda Reinsurance Team. I would like to thank him for his dedication and excellence over the last 15 years. We look forward to working with him in his new role. “

Regarding Mr. Penny’s appointment, Jonathan Gale said: He brings this experience to my team and makes sure that pricing, planning, capacity allocation, use of data and analytics, and interaction with Ceded are as good as possible. “

Kiernan began his career at PXRE Reinsurance Limited in Bermuda in 2002 and moved to Axis Specialty Limited in 2006 to become Executive Vice President, Underwriter, Cat Modeler, which supports portfolios published worldwide. I managed a team of underwriting assistants. Reinsurance of property treaties, including catastrophe, risk-by-risk, and apportionment contracts.

In 2012, he was appointed president and CUO of Axis ReBermuda, which heads the North American real estate unit. Kiernan joined AXAX L Reinsurance after joining Allianz Risk Transfer in Bermuda in March 2020 as Head of North American Reinsurance and assumed his current role.

After joining Zurich Financial Services as a trainee actuary in 2005, Penny moved to XL Katrin in 2007, where he was responsible for underwriting analysis and internal capital modeling.

In 2011 he was appointed actuary and focused on catastrophe XOL, reinsurance of US real estate treaties including catastrophe aggregates. In 2018 he was appointed to XL Reinsurance, head of the US Property Treaty. He started his career in the UK before moving to Bermuda in 2007. His new role is based in London.

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