AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings has promoted Usman Malik to Chief Pricing Actuary.
In this role, Malik will lead pricing strategy across the global Insurance segment, centred around enabling a consistent and global approach for portfolio construction.
He will work in partnership with group underwriting and Insurance segment business leaders to establish pricing that supports the underwriting process and aligns with the company’s risk and profitability thresholds.
He joins the AXIS Insurance leadership team and reports direct to AXIS Insurance CEO Pete Wilson.
Malik previously served as Deputy Chief Pricing Actuary, following several years as the segment’s Head of Property Pricing.
Malik succeeds Brian Kemp who, earlier this year, was appointed as global Chief Data Officer for the Insurance segment.
He will work closely with Kemp to drive ongoing improvement in risk selection, pricing models, and portfolio monitoring.
During his more than nine years at AXIS, Mr. Malik has held a series of leadership roles with increasing levels of responsibility, within the pricing and risk management functions. Prior to joining AXIS, he served for two years as Chief Actuary of Kuwait Reinsurance where he built the Company’s actuarial function.
Wilson commented: “Usman is an exceptional leader and his promotion recognises the impact he’s made in enhancing our approach to pricing and catastrophe modelling.
“This includes the significant progress that’s been driven by his leadership in reshaping the strategic direction of our Property division.
“Usman’s promotion speaks to the priority that we place at AXIS in fostering a culture that’s conducive to creating growth opportunities for our talent.”
