AXIS Capital Holdings (AXIS), has announced the promotion of Dan Draper from Group Head of Underwriting to Chief Underwriting Officer (CUO).
Based in London, Draper will report to President and CEO Albert Benchimol and join the company’s executive committee.
In his new role, Draper will guide the centralization of the company’s underwriting analytics and support functions into a single division that he will oversee.
In addition, he will partner with the company’s underwriting divisions on portfolio strategy and governance including exposure management, as well as introducing greater innovation into products and services delivered to existing and new customer segments.
Draper commented: “I’m looking forward to partnering with the business to build on the significant progress that we’ve made to strengthen the Company’s portfolio and advance our leadership in specialty. I believe we’ve only begun to scratch the surface of what is possible for AXIS.”
Prior to joining AXIS in 2020, he had been Group Chief Risk and Actuarial Officer at VIBE. Before joining Draper spent eight years with AXIS, holding a number of leadership roles, including Group Chief Actuary, Chief Risk Analytics Officer, and Insurance Segment Chief Risk Officer.
Before his first seven years at AXIS, he held managerial positions at the Financial Services Authority, XL Capital, and EY.
Commenting on Draper’s appointment, Benchimol said: “We have tremendous confidence in Dan – he is a proven leader within AXIS who has an established track record of partnering with the business to drive consistent improvement in portfolio quality and underwriting performance over the past several years.
“This is all part of our broader strategy to advance our leadership in specialty, grow profitably with our partners, and deliver increased value to both our customers and shareholders.”
Benchimol added: “The introduction of the new Group Chief Underwriting Officer organisation presents an opportunity for AXIS to be more agile, efficient, and connected in our approach to portfolio management, pricing, data and analytics.”
