Axis Capital

Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.

Romeo will be responsible for building out the US cargo program and charting a course for growth ahead of its launch later this year.

Inside P&C’s news team runs you through the key highlights of the week.

Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,

She will report to global head of cyber and technology Dan Trueman and play a key role in shaping the team’s strategic direction.

Everest Re’s $1.5bn capital raise could be part of a continued pivot, or an early indicator of a shifting marketplace.

Mark Gregory was previously CEO of Axis’s international division, while McKenna was CUO of Falvey Insurance Group for two years.

The withdrawal from the aviation reinsurance class announced yesterday represented ~$10mn of non-renewed premium.

The decrease was also driven by non-renewals of some marine business in Q1 as well as declines in some specialty lines including liability, and accident and health.

Tizzio’s new employment agreement starts May 4, 2023 and ends December 31, 2026, with automatic one-year renewal periods unless either party gives prior notice of non-renewal.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Based in New York, Watt will report directly to Axis specialty insurance head and incoming group CEO Vince Tizzio.