Axis Capital
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Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit. -
The changes are aimed at improving underwriting and operational performance.
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Primary and excess casualty in the US saw double-digit rate growth and remained above loss trends in Q1.
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The Insurance Insider US news team runs you through the earnings results for the day.
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New roles include CUO for primary and excess casualty and practice leader for complex specialty.
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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Markel had announced the exit from the line of business in the US last year.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
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The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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