Lucy Pilko has been appointed AXA XL’s chief executive for the Americas insurance operations, effective 30 October, joining from Boston Consulting Group.
AXA XL has a new Americas CEO in its New York office from 30 October, the insurer and reinsurer has announced.
Lucy Pilko joins the company after leaving her prior role as Boston Consulting Group (BCG) managing director and senior partner.
Previous Americas CEO Joseph Tocco has decided to retire from AXA XL after more than 12 years as a senior executive in its insurance business.
He will remain as a special advisor through 2023, the company said.
At BCG, Pilko (pictured) led the advisory firm’s North American Insurance practice across commercial lines, personal lines, brokerage, individual and group life and reinsurance.
In this role, she developed a focus on operating models and digital transformation, and served on BCG’s large-scale transformation and people and organisation practices.
Her new brief includes AXA XL’s US, Canadian, and Bermudian insurance operations.
“Given her decades of insurance industry consulting experience, Lucy brings a unique cross-industry perspective,” said AXA XL CEO Scott Gunter.
“Together with the Americas leadership team and our deep bench of underwriting, risk consulting and claims expertise, Lucy’s experience will be valuable as we push forward on our strategy, building our recognition and positioning AXA XL for further growth across the Americas,” he said.
“Lucy joins a very strong and determined team, thanks to Joe Tocco. Because of his leadership, our Americas region is well positioned for future success,” Gunter continued.
“All of us at AXA XL wish Joe a happy retirement and thank him for his commitment to serving our brokers and clients and his years of dedication in helping build our Americas operation to what it is today,” he added.