AXA XL launches Political Risk, Credit and Bond insurance in Germany

Cologne - July 22, 2021

AXA XL Insurance today announced new underwriting capabilities in Germany with the appointment of Heiko Schlick as Lead Underwriter Political Risk, Credit & Bond (PRCB) – Germany.

Commenting on the appointment, Peter Knaus, Country Leader, Germany, said: “Germany is the third largest exporter and importer in the world. For large German multinational companies, most of which have historically been keen investors overseas, managing the risks associated with foreign trade is extremely important.”

He added: “AXA XL has long been a recognized global provider of political risk insurance. I am pleased that we now have local expertise and are able to underwrite our clients’ risks out of Germany. Being closer to our brokers and clients means we can better understand the challenges they face and design solutions that precisely match their needs.”

Caroline Tran, Product Leader, PRCB – Europe, said: “I am pleased to have Heiko join our team. He brings a wealth of experience in political risk, credit & bond insurance solutions along with a deep knowledge of the German economy and insurance industry. I have no doubt that he will be successful in supporting our brokers and clients in what is a very sophisticated market.”

Mr. Schlick has 17 years’ experience in political risk and trade credit insurance. He started his career in 2003 at Allgemeine Kreditversicherung Coface AG before joining Zurich Group Germany as a trade credit underwriter and later taking on the responsibility of Zurich Credit & Political Risk Germany. Most recently Mr. Schlick held the role of Senior Underwriter at Zurich Credit Lines.