AXA XL in Italy forms team dedicated to light metalworking and machinery manufacturing sector

Milan - February 09, 2022

AXA XL Insurance in Italy announced it’s formed an Industry Professionals Team to serve the Light Metalworking & Machinery Manufacturing (LM & MM) sector. The team, comprising underwriters, claims handlers and risk consultants, offers insurance coverages specifically designed to address the needs of the LM & MM sector, including:

• Property all risks
• General, product liability
• Environmental liability
• Climate risks
• Marine & cargo

The offering also includes risk mitigation services provided by AXA XL's risk consulting team and BELFOR, an AXA XL partner specializing in crisis management and incident response services for the LM &MM sector.

Commenting, Saverio Longo, Country Leader for AXA XL in Italy, said: "Precision machinery, metals and metal products represent 41% of Italy’s exports. Our newly formed Industry Professionals Team will develop tailor-made solutions to better address the specific needs of these industries, which are essential to the country’s economy.”

He added: “Last year, we formed a similar team to serve the Food & Beverage sector. I strongly believe that focusing our underwriting, claims and risk consulting expertise by industry allows us to better support our partners and to foster long-term relationships with our clients.”