Reinsurance News
AXIS Capital Holdings
Ludwig Nagata to lead AXIS’ expansion into Environmental Impairment Liability
12th April 2024
AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, is expanding its suite of specialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance unit, set to be led by Ludwig Nagata. Nagata, has joined AXIS as Assistant Vice President, Environmental, Canada. In ... Read the full article
Robson to retire as AXIS Global Markets Head of Underwriting
10th April 2024
AXIS Capital has announced that Alistair Robson, Head of Underwriting for AXIS Global Markets, and Chief Underwriting Officer (CUO) of AXIS Managing Agency, has decided to retire. The company has confirmed that he will leave AXIS at the end of June 2024 after 13 years of service with the firm, ... Read the full article
AXIS names Kyle Freeman Head of ILS
21st March 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the appointment of Kyle Freeman as Head of AXIS ILS, effective immediately. In his new role, Freeman will be responsible for overseeing AXIS Capital’s activities related to third party assets under management in support of its ambition to ... Read the full article
AXIS hires SCOR’s Simon Dejung as CUO, Global Cyber & Technology
5th March 2024
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has hired Simon Dejung as Chief Underwriting Officer, Global Cyber & Technology (GCT), effective immediately. In the role, he will be based in Zurich, Switzerland, reporting to Lori Bailey, Head of Global Cyber & Technology As CUO, GCT, Dejung ... Read the full article
W. Marston Becker to succeed Henry Smith as AXIS non-exec Chair
29th February 2024
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital has announced the appointment of W. Marston (Marty) Becker as non-executive Chair of its Board of Directors. Becker will take over the position in May 2024, timed to the company’s Annual General Meeting, succeeding Henry B. Smith, who has served as ... Read the full article
AXIS promotes Edward Ashby to Chief Commercial Officer
29th February 2024
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has promoted Edward Ashby to the newly created position of Chief Commercial Officer, in addition to his current role as the Global Head of Distribution for insurance. With his new role, Ashby takes on responsibility for elevating AXIS’ business development strategies, enhancing its ... Read the full article
AXIS reports 124.6% CR on previously announced Q4’23 reserve strengthening
1st February 2024
Bermuda-based AXIS Capital Holdings Limited has reported a net loss of $150 million for the fourth quarter of 2023 on the back of previously announced net adverse prior year reserve development of $425 million, as the firm's combined ratio deteriorated by 30.5 percentage points to 124.6%. The re/insurer announced last ... Read the full article
Reserve strengthening ‘the best economic outcome’ for AXIS: CFO Vogt
24th January 2024
Peter Vogt, the Chief Financial Officer (CFO) of Bermuda-based specialty insurer and reinsurer, AXIS Capital Holdings, said yesterday that while the firm explored numerous available options, it ultimately felt that strengthening its reserves provides "the best economic outcome for the company." Yesterday, AXIS announced preliminary results for the full year ... Read the full article
AXIS Capital strengthened prior year reserves in Q4’23 by $425m
24th January 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the strengthening of prior year reserves in Q4 2023 by $425 million, pre-tax, or $361 million, after-tax. The company notes that the reserve strengthening is attributable to its insurance and reinsurance segments in liability lines and professional lines ... Read the full article
AXIS Capital promotes Conrad Brooks, names Christina Gray-Trefry as General Counsel
12th January 2024
Insurer and reinsurer AXIS Capital Holdings Limited has announced the promotion of Conrad Brooks to Chief Administrative and Legal Officer, with Christina Gray-Trefry taking over as General Counsel. In Brooks’ expanded role, he assumes oversight of Human Resources, in addition to his current oversight of the company’s Internal Audit, Data Privacy, ... Read the full article
AXIS hires Anna Tan from Navigators as Head of Wholesale Casualty
10th January 2024
Bermuda-based AXIS Capital Holdings Limited has named Anna Tan as the new leader of its Primary & Excess Wholesale Casualty teams as they look to advance their business objectives. As Head of Wholesale Casualty, Tan will play a key role in boosting the position of re/insurer AXIS in the US wholesale ... Read the full article
AXIS Capital appoints Mike Cueman as Head of Construction, US
10th January 2024
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 ... Read the full article
AXIS hires Hippo’s Gallant as Head of Investor Relations & Corporate Development
18th December 2023
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has appointed Cliff Gallant as Head of Investor Relations and Corporate Development. The appointment is effective from December 18th, 2023, Gallant will report to Peter Vogt, AXIS Chief Financial Officer and will serve as a member of the ... Read the full article
AXIS Capital to launch Energy Resilience Syndicate 2050 at Lloyd’s
14th December 2023
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has received in-principle approval from Lloyd’s to establish a new syndicate dedicated to providing capacity for new energy projects. Through Energy Resilience Syndicate 2050, which will have a critical role in supporting the transition to net zero and building ... Read the full article
John Owen appointed Chief Executive of AXIS Managing Agency
9th November 2023
AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, has appointed John Owen as Chief Executive of AXIS Managing Agency Limited (AMA), subject to regulatory approval. According to AXIS, in his new role, Owen will be responsible for AMA, the managing agent arm of AXIS Capital that ... Read the full article