Greg Carnazza Takes the Helm at AXA XL's Construction Property Division in the Americas

AXA XL Appoints Greg Carnazza as Head of Construction Property

AXA XL, a prominent player in insurance and risk management, has recently announced the appointment of Greg Carnazza as the new Head of Construction Property for the Americas region. This strategic move marks a significant change in leadership within AXA XL's construction insurance sector, and Carnazza will be based in Atlanta, Georgia.

In his new role, Greg will directly report to Jon Tellekamp, the Chief Underwriting Officer for Construction at AXA XL. Tellekamp expressed confidence in Carnazza's abilities, stating, "Construction projects today demand a thorough grasp of potential risks and the resilience to adapt to unexpected challenges. As projects grow more complex, partnering with a knowledgeable expert who understands the nuances of construction risk is crucial. Greg's experience, dedicated to construction and commercial property, and strategic underwriting approach make him the ideal leader for our Construction Property team, ensuring we effectively support our clients through these demanding times."

Carnazza comes to AXA XL from AIG, where he held the position of Head of Underwriting for U.S. Builders Risk. His career in property and construction risk management spans over ten years. During this time, he has demonstrated a keen understanding of the complexities involved in assessing and mitigating construction-related exposures, making him well-suited for his new responsibilities.

As Head of Construction Property, he will oversee the development and execution of AXA XL's construction property strategies in the Americas. His focus will be on crafting innovative risk transfer solutions, strengthening client relationships, and enhancing underwriting capabilities tailored to the ever-evolving construction industry needs.

AXA XL’s Construction insurance division in North America offers a wide range of coverages, including primary and excess casualty, professional liability, builders risk insurance, energy, subcontractor default, and pollution insurance. The North America Construction team also provides expert claims handling and risk engineering services to help clients prevent loss and improve safety measures.

This leadership change comes as the construction industry faces increasing challenges, including complex project demands and the need for effective risk management. With Carnazza's expertise at the helm, AXA XL is poised to navigate these complexities and support its clients with robust solutions in a dynamic environment.

For those interested in staying updated on AXA XL's latest developments and initiatives, the company encourages following their LinkedIn page.

About AXA XL

AXA XL is recognized for providing innovative insurance and risk management products and services, aimed at mid-sized companies to large multinationals. The firm also extends reinsurance solutions to other insurance companies globally, embodying a commitment to partner with those who drive progress and transformation in their industries. To learn more about AXA XL and its offerings, visit www.axaxl.com.

With Carnazza's appointment, AXA XL reaffirms its commitment to excellence in the construction insurance arena, promising to meet the evolving needs of its clients head-on.