Marine Charbonnier has taken on a new role as head of captives and facultative underwriting for APAC & Europe at AXA XL.
Charbonnier, a respected captive practitioner in Continental Europe, was previously global programmes & captives regional director for Europe at AXA XL. She first joined AXA in 2013 as head of risk financing solutions.
In her new role, Charbonnier will lead AXA XL’s captive business for the APAC & Europe business unit. She will also be responsible for implementing AXA XL’s outwards facultative underwriting strategy for the APAC & Europe business unit, supporting local underwriters.
“Interest in captives has risen sharply over the last three years, with our clients either owning, growing or looking to open a captive,” said Etienne Champion, chief underwriting officer for APAC & Europe at AXA XL.
“They are a strategic risk management tool for our clients and an area of growth for our business.”
The hard market of the past three years has increased captive activity in Europe and Asia Pacific, while new French captive legislation passed in December 2022 is expected to lead to an increased number of feasibility and formation projects in France in 2023.
“Marine is a seasoned insurance professional with extensive knowledge in captive management,” Champion added.
“She is recognised for her expertise in Europe and beyond, and expanding her role to APAC means our Asia and Australia clients will benefit from additional resources and capabilities for managing their complex risks.”