Axa XL has been named Bermuda Insurer of the Year by insurance industry publication Reactions magazine.

This is the second time in three years that Axa XL’s Bermuda insurance team has received the award.

The award was announced at Reactions’ North America Awards Dinner in New York.

Patrick Tannock, chief executive officer of Axa XL’s Bermuda insurance operations, said: “It’s great to be acknowledged once again. This award helps to validate the hard work and contributions that our colleagues consistently make in the Bermuda market and beyond.

“I want to thank all of our colleagues for their efforts as this award is about all of us.

“We are thrilled to be recognised as a leader in the Bermuda market. We know that brokers and our clients have choices and we work hard every day to validate their trust. This is not an endpoint, but a milestone in our trusted partnership and we are committed to continue to provide value in offering high quality service and innovative solutions to our clients and brokers.”

During the voting process in 2017 the company was mentioned by many North American brokers as “a company with a very strong reputation in terms of consistent high-quality performance”.

This year, the company said it received the most votes from industry peers and the endorsement of Reactions’ editorial board more than any other nominee in the Bermuda Insurer of the Year category.

The awards honour the achievements in the past year of underwriting companies, broking firms, service providers and individuals who help raise the standards across the re/insurance industry in North America.

Reactions said: “The awards help firms to differentiate themselves from competitors and show their clients that they are a cut above the rest.”