Axis Capital

He will be based in New York and report to Mike McKenna, head of North America.

Stan Galanski most recently served as president and CEO of The Navigators Group until its 2019 acquisition by The Hartford.

Coburn will report to Jason Busti, Axis Re president of North America.

Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.

John Owen has been with Axis – and Novae prior to its merger with Axis in 2017 – for 19 years in underwriting and leadership roles.

The Bermudian also revealed a $29mn restructuring charge for Q3.

The Inside P&C news team runs you through the earnings results for the day.

Carlton Maner is stepping down after having served at AXIS for almost 22 years.

The sidecar has been launched alongside partner Stone Point Credit Adviser.

Cyber is another market Axis is watching closely, given new MGA entrants as well as the recent rise of ransomware activity, with the carrier expecting more “undulation” as a result.

Wu will focus on supporting and growing the broker’s existing US, Canada and Bermuda strategic partnerships.

Some 15 months on from the property reinsurance exit, he said the firm continued to reserve the right to reshape the portfolio.