AXIS Re, the reinsurance business segment of AXIS Capital Holdings, has appointed Bradley Kove as Senior Underwriter, Mortgage, effective immediately, bringing over 20 years of experience within the reinsurance industry.
In his new position, Kove will be responsible for developing, monitoring and maintaining a profitable portfolio.
Prior to his appointment, he was Vice President at AIG for just under ten years.
Last month, AXIS Capital announced it had returned to underwriting profit in the fourth quarter of 2021 and for the full-year, driven by an improved result in both its insurance and reinsurance business.
Across the business, AXIS has reported a combined ratio of 93.1% for Q4 and 97.5% for the full-year 2021, compared with 109.6% for both prior year periods.
In both periods, catastrophe and weather-related losses had a far lesser impact in 2021 than in the prior year.
