Axa XL retrenches further from London D&O/ financial lines markets citing economic downturn fears

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Axa XL is further curtailing its risk appetite for D&O and other London market financial lines business, with the lead market telling brokers late last week it intends to non-renew a large part of its existing UK D&O book between now and 1 Jan 2021, The Insurer can reveal.

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