Changing of the guard at AXA XL Bermuda
AXA XL has promoted veteran cyber underwriter Noel Pearman to be chief underwriting officer of AXA XL Insurance in Bermuda.
Pearman, who has been with AXA XL since 2011 and built its cyber book, takes the helm of the Bermuda insurance operations from Patrick Tannock, who retired as chief executive officer of AXA XL Insurance Bermuda this week.
Pearman will report to Donna Nadeau, AXA XL’s insurance head of large commercial, Americas, and 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. His appointment is part of a recently announced reorganization of AXA XL's insurance underwriting operations in the Americas, the company said.
"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," the company said.
Nadeau added: “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.”
Pearman was previously SVP, cyber product line Leader at AXA XL, where the company said 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 organiser.
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.
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.
His previously role at AXA XL was as a vice president in professional lines . Prior to joining AXA XL, he was a professional lines senior underwriter at Allied World from 2003 to 2011.
He was a Lieutenant and platoon commander in the Royal Bermuda Regiment from 2001 to 2008.
AXA XL also paid credit to Tannock's accomplishments at the company.
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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