AXA XL appoints head of energy

AXA XL has appointed Peter Welton as UK head of energy. His remit includes developing the UK energy book and providing and designing insurance solutions for energy clients. He will lead a team of underwriters in London.

Welton first joined the firm in 2005, when he was hired with the non-marine direct and facultative property team at Catlin Underwriting Agencies (now AXA XL). In the following decade, he held several underwriting roles within the energy sector, before being promoted to senior class underwriter for downstream energy and power in 2016. Prior to that, he worked at Marsh.

Welton succeeds Luis Prato, who was promoted to chief underwriting officer for UK legal entities in September.

Chief underwriting officer for global energy at AXA XL, Huw Jones said: “I am delighted that [Welton] will be taking on the role of UK Head of Energy and have every confidence that his high level of technical expertise and knowledge will further strengthen our UK Energy business.”

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