Reinsurance News

AXIS adds Everest Re’s Caponigro to lead overhauled ILS unit

13th July 2021 - Author: Staff Writer

AXIS Capital has appointed Chris Caponigro to lead its newly-rebranded Insurance Linked Securities (ILS) unit as Global Head.

Caponigro will oversee the company’s third party capital related activities currently under management across its reinsurance and Insurance segments.

He will report to AXIS Re Chief Executive Steve Arora and will be based out of the firm’s New York and New Jersey offices.

Prior to joining AXIS, Caponigro served as Head of Business Development at Everest Re’s ILS platform.

Previously he had served as Head of North American Catastrophe Lines at Platinum Underwriters Bermuda.

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“Chris brings a unique mix of deep ILS and investor experience, combined with a technical background in underwriting, and strong interpersonal and leadership skills,” said Arora.

“Our team and our investors will benefit significantly from the expertise, perspective and partnership that Chris brings.”

“In recent years, we’ve elevated AXIS as a player in the ILS space. The addition of Chris to our team, combined with our rebranding of the business, demonstrates our commitment to investors and the priority that we are placing on growing our ILS business.”

Commenting on his appointment, Caponigro said, “I’m excited to join AXIS, a leading underwriter and portfolio manager.

“I am impressed by the Company’s ability to customize portfolios for partners and its strong emphasis on service and responsiveness.

“AXIS has a terrific platform and I believe there is significant potential to further grow the business while leveraging our ability to provide investors with broad access to the global specialty insurance and reinsurance markets.”

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