Aegon 2025 Profit Rises 15% as U.S. Move Gains Pace; AXA XL Names Michael Reynolds to Marine Post
Aegon posted a 15% jump in its 2025 operating result, reaching 1.7 billion euros, and deepened its U.S.-centric approach. Over at AXA XL, the firm brought in seasoned underwriter Michael Reynolds to give its London marine segment some added heft. These shifts highlight insurers’ focus: scale, and growth where they can still find it. About 70% of Aegon’s business ties back to Transamerica. Over at AXA XL, the global hull insurance market—covering ships themselves—climbed 3.5% to $9.67 billion in 2024, despite tougher risk.