AXA XL Appoints Noel Pearman As CUO

June 6, 2024 | 0 Comments

AXA XL has appointed Noel Pearman to the new role of Chief Underwriting Officer, Bermuda.

A spokesperson said, “As part of the recently announced insurance underwriting operations reorganization in the Americas, AXA XL has appointed Noel Pearman to the new role of Chief Underwriting Officer, Bermuda.

“Mr. Pearman, who reports to Donna Nadeau, AXA XL’s Insurance Head of Large Commercial, Americas, is responsible for leading the Bermuda insurance business, developing and executing the underwriting and distribution strategy, while collaborating with the other Americas underwriting business leaders.

“With more than 20 years of industry experience, Mr. Pearman brings to the new role a combination of direct portfolio management expertise, technical underwriting acumen, and proven leadership.”

Noel Pearman Bermuda June 2024

Commenting on Mr. Pearman’s appointment, Ms. Nadeau said: “We are thrilled that Noel has taken on this important position. His underwriting experience, respected reputation and successful track record as an industry thought leader, particularly in the cyber space, makes him the perfect person for this new role. Our Large Commercial clients face a myriad of complex, evolving risks which require customized, innovative solutions. With Noel at the helm of our insurance business in Bermuda, there is no doubt that we will strengthen connections with our trading partners and provide solutions to help our clients build more sustainable, thriving businesses.”

The spokesperson said, “Prior to taking on the new role, Mr. Pearman was SVP, Cyber Product Line Leader at AXA XL, where he built the premier Bermuda market cyber liability business, oversaw cyber exposure across all product lines [including property and casualty], and was a frequent international conference speaker and organizer.

“Within AXA XL, he has been a member of the Rising Leaders 2022 Cohort, the America’s CUO Extended Leadership Team 2022 Cohort, and the 2023-2024 Leadership Team Advisory Council.

“In addition to his day-to-day responsibilities at AXA XL, Mr. Pearman co-chairs the Association for Corporate Racial Equity [ACRE] which works to advance racial equity in Bermuda’s International Business sector. He is also a Global Executive Sponsor of AXA XL’s Rise Business Resource Group, which focuses on developing employees from underrepresented racial and ethnic groups.

“Mr. Pearman is a graduate of the Royal Military Academy Sandhurst, UK [Territorial Army Commissioning Course] and obtained a B.A. [Hons.] Economics Degree from Western University in Canada. He also holds a Registered Professional Liability Underwriter designation.

“We would also like to take this opportunity to recognize and thank Patrick Tannock upon his retirement from AXA XL in Bermuda this week.”

“Under Patrick’s leadership, our Bermuda Insurance business has solidified its position as an anchor market to which AXA XL is committed,” said Lucy Pilko, AXA XL CEO, Americas. “We are appreciative of Patrick’s significant contributions to AXA XL’s success in the Americas region and the wider international business community.”

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