AXA XL launches business unit to scale prevention services
AXA XL has launched a dedicated Prevention Business Unit, marking a strategic expansion of its risk consulting and prevention capabilities as the insurer responds to growing client demand for proactive risk management services.
Announced Wednesday, the new division becomes AXA XL’s fifth business unit alongside Americas, APAC & Europe, UK & Lloyd’s, and Reinsurance. The move underscores the company’s increasing focus on prevention, data-driven risk insight, and long-term client partnership.
The unit will be led by Libby Benet, currently AXA XL’s Global Chief Underwriting Officer. Benet joined the company in 2020 as Chief Underwriting Officer for Cyber and was elevated to the global CUO role in 2022. Prior to AXA XL, she held leadership positions at Beazley, Zurich, and General Insurance, and also operated her own consultancy.
According to AXA XL, the new business unit will combine advanced analytics, technology, and risk engineering expertise to help clients address increasingly interconnected threats, including climate-related risks, cyber exposure, supply chain disruption, and operational resilience challenges.
The launch aligns with findings from AXA’s 2025 Future Risks Report, which found that 86% of surveyed experts believe many of today’s most pressing risks can be at least partially mitigated through preventive action.
The announcement reflects a broader trend across the commercial insurance market, where carriers are investing more heavily in advisory services, predictive analytics, and embedded risk management solutions as part of a shift toward prevention-led insurance models.
“Prevention must be at the heart of how we support our clients. That is why we are making services a core part of our offering. The launch of this business unit marks an important step. By expanding our services capabilities, we are strengthening how we support our clients and positioning AXA XL for the future. Libby’s deep underwriting expertise, global perspective and client focus give her a clear vision to shape and scale this business.” – Scott Gunter, CEO of AXA XL.
