AXA XL has created a standalone prevention-focused business unit led by Libby Benet as the re/insurer looks to expand its advisory and risk consulting capabilities

Libby headshot

AXA XL has launched a dedicated business unit focused on prevention services, marking a strategic expansion of the insurer’s risk consulting and advisory capabilities.

The new division becomes AXA XL’s fifth business unit alongside Americas, APAC & Europe, UK & Lloyd’s and Reinsurance.

The business will be led by Libby Benet (pictured), currently the company’s global chief underwriting officer.

AXA XL said the unit would combine data, analytics and technology with its existing risk engineering and advisory expertise to help clients address risks including climate change, cyber threats, supply chain disruption and operational resilience.

The move follows findings from AXA’s 2025 Future Risks Report, which found that 86% of experts believed the most concerning global risks could be at least partially avoided through preventive measures.

“Prevention must be at the heart of how we support our clients,” said Scott Gunter, CEO of AXA XL.

“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.”

He added: “Libby’s deep underwriting expertise, global perspective and client focus give her a clear vision to shape and scale this business.”

Benet said: “Our clients are looking for more than risk transfer—they want partners who can help them anticipate, prevent and mitigate risk.

Benet joined AXA XL in 2020 as chief underwriting officer for cyber before being appointed global chief underwriting officer in 2022.

Prior to joining AXA XL, she managed her own consultancy and held leadership positions at Beazley, General Insurance and Zurich.

“This business unit allows us to build on what we already do well, deepen our engagement with clients, and better integrate prevention and risk insights into how we serve them globally,” Benet added.

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