AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has appointed Neil Monahan, formerly of Swiss Re, as Senior Vice President (SVP), Professional Liability, U.S., reporting to Jon Colello.
In his new role, Monahan will be responsible for leading the reinsurer’s professional liability reinsurance underwriting operations in the U.S., and will be based in the firm’s New York office, reporting to President and Chief Underwriting Officer (CUO), U.S., AXIS Re, Jon Colello.
He joins the firm with more than three decades of insurance and reinsurance industry experience, and prior to AXIS Re was Head of Broker Relations, Professional Liability lines, at reinsurance giant Swiss Re.
Monahan started his career in the industry with Cigna Special Risk Facilities, and has held a number of senior underwriting positions at Reliance National and PMA Re.
Commenting on the appointment, Colello said; “Neil’s hiring is an important step in solidifying AXIS Re’s leadership in Professional Liability reinsurance.
“He has a broad range of experience in both medical and non-medical Professional Liability, which will help us grow this business and deepen our relationships with clients and partners in distribution.
“His appointment will enable AXIS Re to further deliver upon our promise of providing robust and agile solutions, backed by market-leading expertise and skilled underwriting, that help our clients effectively mitigate and transfer complex risks.”