AXA XL, AXA’s P&C division and specialty risk division, has appointed Lee Hayzelden as Head of Upstream Energy, UK & Lloyd’s.
In his new role, Hayzelden will lead AXA XL’s Upstream Energy team, covering offshore oil & gas and offshore renewable wind risks.
In the role he will be based in London, where he will further develop the well-established Upstream Energy book, further expanding AXA XL’s energy transfer proposition.
Hayzelden brings more than two decades of experience across the London insurance market to his new role. This includes 14 years of service at the reinsurance giant Swiss Re, where he held several positions including Head of Energy Offshore.
In his most recent role, Hayzelden served as Chief Operating Officer, Offshore Energy & Marine at RiskPoint.
“Upstream energy remains a strategic part of AXA XL’s energy portfolio and plays a key role in our energy transition offering. As a leader in this market, we are committed to supporting our clients as they move to a low-carbon economy,” commented Nicola Harris, Head of Energy, UK & Lloyd at AXA XL.
“I am delighted to welcome Lee to AXA XL. His significant knowledge in underwriting the risks of wind power – and more recently, the renewable offshore wind – will further support our ambitions within the energy space, including expanding our existing portfolio.
Meanwhile, AXA reported a year-on-year increase in total GWP and other revenues of 2% to €55.7 billion in the first half of 2023, driven by 7% growth in AXA XL.
