AXA XL in February 2019 announced it would shed over 700 jobs in Europe. AXA XL has 9,500 staff worldwide. AXA’s business insurance division will end 275 positions in the UK, 222 in France, 140 in Germany, 41 in Italy, and 33 more across the rest of Europe. The move is a step in the integration of XL Catlin, AXA Corporate Solutions, and other AXA entities into AXA XL.

Insurer – Country of Destination – Date Announced – Source MS Amlin – Brussels – 28 June 2017 – Press release Lloyd’s of London – Brussels – QBE – Brussels – CNA Hardy – Luxembourg – RSA – Luxembourg – AIG – Luxembourg – FM Global – Luxembourg – Hiscox – Luxembourg – Liberty Mutual, Special Markets – Luxembourg – Admiral – Dublin – Beazley – Dublin – Chesnara –

AXA in July 2018 announced its business insurance operations would trade under the new AXA XL brand once the acquisition of XL Group is completed. The master brand AXA remains untouched. AXA XL will combine existing P&C commercial lines and specialty risks into a new entity. It will include four main business units: XL Insurance, XL Reinsurance, XL Art & Lifestyle, and XL Risk Consulting. The new entity will

Global insurance company XL Catlin issued their Q3 2017 October report, Emerging risks we’re watching and why, which highlights key factors in emerging risks presented by new state medical marijuana laws in the U.S. and the ongoing North American opioid epidemic. Of particular note is the marked reduction of the North American workforce as a result of the opioid epidemic. The Federal Reserve has cited the epidemic as one