Axis Capital
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The appointments include three lead underwriters, drawn from Chubb, AIG and Axa XL.
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The appointments rebuild a team hit with departures in September.
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Lydia LaSalata and Matthew Trinkle have joined the reinsurance business.
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Axis, RenRe, Arch and Everest Re trade roughly in line with the S&P 500. -
The former GL leader takes up a New York and Connecticut role.
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The underwriters join from Gallagher, Chubb and Starr as Axis experiences increased product demand.
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The appointments follow the recruitment of a trio of cyber underwriters in July.
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The PE firm, whose founder sits on the Bermudian’s board, began building the stake in March.
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Axis Capital and Argo Group shares jumped nearly 5%, while shares in Arch, Travelers and Alleghany were all up more than 3%.
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The venture will distribute D&O and EPL policies through Axis’ wholesale broker network.
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Sue Ringold and Bill Orendorf will join Roman Romeo’s team in Bermuda.
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The underwriter reported continued improvement in underlying results with its second quarter results.
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