Worldwide insurance and reinsurance group AXA has revealed that Frédéric de Courtois will be rejoining the company as Deputy CEO and will organize its Ceded Reinsurance function.de Courtois will re-join AXA at the start of August after five years at rival Generali.
He had previously spent 19 years working at AXA, including as its Deputy CEO of AXA Re, Deputy CEO for Japan and Asia and as AXAs CEO for Italy.
He then relocated to rival Generali, becoming its CEO for International company and then most just recently taking responsibility of a variety of Group functions, including P&C and reinsurance, as well as having a seat on the management board.
In rejoining AXA, de Courtois will be a Deputy CEO with responsibility for Finance and Investments, Risk Management, Strategy, and Ceded Reinsurance (so reinsurance purchasing for the group).
Thomas Buberl, CEO of AXA, commented, “A brand-new stage has started for AXA with the launch of its Driving Progress 2023 tactical plan. Our 2020 outcomes have actually shown AXAs strength through the Covid-19 crisis and we are now totally focused on executing our 2023 strategy. In a context which will stay complex and unpredictable, we are announcing a restored leadership team and an easier organisation to speed up the execution of our strategic top priorities and t o combine AXAs management across all our markets.”
George Stansfield has actually also been named another Deputy CEO and continues as Group General Secretary, with obligation for Legal, Human Resources, Audit, Compliance and Public Affairs, will also supervise Brand, interaction and sustainability.
Stansfield has been at AXA for more than 30 years, in the United States and France.
AXA has actually also made 2 more senior promos, as Etienne Bouas-Laurent, Group Chief Financial Officer, will end up being CEO of AXA Belgium, reliable July 1st and he will also supervise activities in Luxembourg.
While, Alban de Mailly Nesle, Group Chief Risk and Investment Officer, is set to handle the function of Group Chief Financial Officer while continuing to lead Group Investments, efficient July 1st.
Buberl said, “I am very delighted to welcome Frédéric back to AXA after a very successful 5 years at Generali where he held a variety of senior management positions, consisting of General Manager overseeing most central functions and the application of strategy. Prior to joining Generali, Frédéric operated at AXA for more than 20 years serving in a number of senior positions consisting of CEO of AXA Italy. Frédéric will bring thorough understanding of the industry and financial markets and play an essential role in the execution of our 2023 plan. I look forward to working closely with Frédéric and George in this brand-new phase of our journey.
I wish him the best in his future role leading a crucial market for AXA and pursuing the improvement effectively led by Jef Van In over the last years, who will take over an important transversal role for AXA. His broad experience in capital, finance and risk management and his extensive understanding of the Group will bring the ideal mix of qualities and know-how for his brand-new position.”
A variety of other essential management changes in the AXA group were also revealed this early morning.
Buberl commented, “I am positive that this new leadership team, enhanced by brand-new talents and uniting an excellent breadth of perspectives and personalities will contribute in helping us effectively browse the brand-new post-crisis environment, continue establishing a diverse and inclusive culture, and combine AXAs management and aspiration for the industry.”
Thomas Buberl, CEO of AXA, commented, “A brand-new phase has actually started for AXA with the launch of its Driving Progress 2023 tactical plan. Buberl said, “I am extremely delighted to welcome Frédéric back to AXA after a really effective five years at Generali where he held a number of senior management positions, including General Manager managing most main functions and the execution of strategy. Prior to joining Generali, Frédéric worked at AXA for more than 20 years serving in a number of senior positions including CEO of AXA Italy. I wish him the best in his future function leading an essential market for AXA and pursuing the transformation successfully led by Jef Van In over the last years, who will take over a crucial transversal function for AXA.