James Richert ’96

AXA XL promotes two to lead Construction Professional and Subcontractor Default insurance profit centers

NEW YORK, Sept. 8, 2021 /PRNewswire/ — AXA XL’s North America Construction business has promoted Ray Allen and Jim Richert to lead its Construction Professional and Subcontractor Default Insurance business lines respectively.

Commenting on the promotions, Gary Kaplan, Head of AXA XL’s North America Construction business, said: “Since we launched our Construction business more than 10 years ago, Jim and Ray have been instrumental in growing our book of business and developing the products, services and talent that our construction clients have come to count on. It’s exciting to see them now apply their risk management expertise, construction industry knowledge, and proven leadership skills to bigger roles as our new profit center leaders.”

In his new role as head of AXA XL’s SDI Profit Center, Mr. Richert will assume underwriting management oversight of AXA XL’s SDI business, offering general contractors and construction managers financial protection against potential financial losses that result following the failure of subcontractors to perform. Mr. Richert brings 25 years of experience in the construction industry, including 15 years focused on SDI. Since 2011, he has managed the business line’s team of SDI risk engineers that provides consultation, training, and best practices to help contractors minimize subcontractor default risk. He is a graduate of Clarkson University. Read more here.