Axis Capital
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A smattering of data points and commentary from Q1 analyst calls shows that turnaround efforts are bearing some fruit.
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Ann Haugh will lead the new global property division, with Andy Hottinger heading up international and Jonathan Gray specialties.
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Insurance rates in the US rose 15%, while London market pricing was up 10%
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Axis posted operating earnings of $83mn in Q1, compared to an operating loss of $164mn in the same period last year.
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The carrier says it expects winter storms Uri and Viola to account for between $80mn and $90mn of claims absorbed during the period.
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The recruit spent almost a decade at Willis Towers Watson.
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The newcomer will work as a senior underwriter with a focus on business within the aviation and marine industries.
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Climate change risk is not yet being properly reflected in pricing, the company chief warned.
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William Alderton becomes head of the new worldwide unit.
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Aon’s Nicholas Boswell Brown and Aviva’s Claire Whelan join the business in April to support the expansion into Spanish-speaking markets.
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David Bangs joins from Willis Re Singapore where he worked for more than 15 years.
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Lydia LaSalata and Matthew Trinkle have joined the reinsurance business.
