Axis Capital
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous. -
How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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The Axis chief outlined optimism on his new structure for reinsurance, and said it can grow in its chosen classes of casualty and specialty reinsurance.
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The company has appointed Carlton Maner as CEO, who will report directly to Axis Specialty and Reinsurance CEO Vincent Tizzio.
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The executive will step into a newly created role which was announced in the company’s strategic plan in June.
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The executive laid out the carrier’s plans following a property cat exit on a call with analysts.
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The underwriter specialises in aviation and marine sub-segments of the accident and health class.
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The Bermudian’s gross premiums written rose 9% year-on-year as increases from the insurance segment offset a 4% decrease in reinsurance.
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The appointment comes amid a flurry of movement within the construction class.
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The property reinsurance underwriter had joined Axis Re’s London team three years ago.
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Market orthodoxy suggests cross-class reinsurers secure more leverage – but are there too many implicit offsets in this game?
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Plus the latest people moves and all the top news from the week.
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