Reinsurance News

AXIS Capital appoints Mike Cueman as Head of Construction, US

10th January 2024 - Author: Saumya Jain

Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has appointed Mike Cueman to the newly created role as Head of Construction, for its United States market, reporting to Steve Cross, Global Head of Construction and Michael McKenna, Head of North America via a matrixed structure

Cueman will be a key member of the Global Markets construction team at AXIS and will be based in New York. His remit will include leading the company’s entry into the domestic US construction market.

Additionally, he will be responsible for establishing a strong trading presence for AXIS’ launch and profitable growth in the Construction Physical Damage market segment (Builders Risk) in the US.

Cross commented on the appointment, “In specialist, often complex areas of risk such as construction, it is essential to have the underwriting expertise, leadership, and deep market knowledge to successfully expand into new markets.

“Mike brings knowledge, skills, and drive that will help us to establish our US presence, develop our existing global construction portfolio, and elevate the specialty solutions we deliver to customers globally.”

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Cueman is a market veteran with more than two decades of underwriting and leadership experience. Prior to this, he served at Liberty Mutual Insurance as Vice President.

Before that, he held senior underwriting and management roles at Zurich North America within the construction, engineering, and inland marine divisions.

Mark Gregory, Head of Global Markets at AXIS, added: “The establishment of a presence in the US domestic construction market represents demonstrable progress in our strategy to harness new opportunities in lines of business and territories where we can add value for our customers and build profitable growth with distribution partners. Attracting and retaining high-caliber individuals is essential to achieving our ambitions and we’re delighted to welcome Mike Cueman to AXIS.”

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