Axa XL has appointed Renaud Guidée as chief executive, reinsurance, effective from September 1.

Mr Guidée assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer.

In this newly created role, Ms Bewlay joins Axa's management committee, reporting to Frédéric De Courtois, the group deputy chief executive officer.

Mr Guidée, at present Axa Group's chief risk officer, will lead Axa XL's reinsurance business, which, with a global footprint and a strong balance sheet, is among the world's leading reinsurers, offering solutions that include property, casualty and specialty reinsurance.

Scott Gunter, Axa XL's CEO, said: "Renaud brings with him a wealth of financial and risk experience, having joined Axa in 2019 from Goldman Sachs, where he was managing director.

"Over the past year, we have worked to reposition our reinsurance portfolio and we are seeing the benefits of this work in our discussions with clients and brokers.

“I want to take this opportunity to warmly thank Nancy for her leadership of the reinsurance business and congratulate her on her new role at Axa Group."

Mr Gunter added: "We have an extremely talented team across reinsurance and there is huge potential for strategic growth in this market."

Mr Guidée was appointed Axa Group's chief risk officer in 2019.

Before joining Axa, Mr Guidée was a managing director with Goldman Sachs' investment banking division, where he advised large corporate clients across industries with a total cross-border transaction track record of more than $150 billion.