Axis Capital
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Neil Ross was also appointed CUO for the broker’s MGA. -
Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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Company alum David Murie will lead the new business unit.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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Pricing was “virtually flat” in the second quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.
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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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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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The three lines add up to 80% of the deal.
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The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
