Lance Sanapo
About Lance Sanapo
Lance Sanapo is a Financial Analyst at AXA XL, where he has worked since 2018. He specializes in reinsurance functions, data quality improvement, and financial analysis of captive reinsurers.
Work at AXA XL
Lance Sanapo has been employed at AXA XL since 2018 as a Financial Analyst. In this role, he is responsible for capturing and updating approved reinsurance cessions related to US facultative, global program fronting, and treaty business. He plays a key role in maintaining a comprehensive database of over 2,000 reinsurer and parent group entities, which includes tracking financial strength ratings, capital, and activity status. Additionally, he generates reports and exhibits for a gross recoverable portfolio valued at $15 billion, which are presented to the CFO.
Education and Expertise
Lance Sanapo earned a Bachelor of Science degree in Economics from The Pennsylvania State University, where he studied from 2008 to 2012. His educational background provides him with a solid foundation in economic principles, which he applies in his role as a Financial Analyst. His expertise includes analyzing the financials of captive reinsurers to assess creditworthiness and collateral requirements for fronting transactions.
Intern Training and Development
In his current position, Lance Sanapo trains and directs summer interns within the Reinsurance Security Department. He focuses on functions related to data quality improvement projects, ensuring that interns gain valuable experience and contribute effectively to departmental goals. This role highlights his commitment to developing future professionals in the field.
Financial Management and Risk Mitigation
Lance assists in reallocating nearly $8 million in excess collateral across reinsurance markets. This initiative aims to reduce unsecured recoverable exposure, demonstrating his involvement in financial management and risk mitigation strategies. He also maintains and publishes an Approved List of over 250 reinsurers weekly, aligning with AXA XL’s risk appetite and credit limit methodology.