Axis Capital

The French carrier’s first-half revenues were driven by 6% growth in P&C.

Pricing was “virtually flat” in the second quarter.

The carrier had $20mn in reserve releases in the quarter, compared to nil in Q2 2024.

Eric Seyfried and Glen Manjos are also departing Axis’ cyber and tech unit.

The changes are aimed at improving underwriting and operational performance.

Markel International has also hired senior underwriter Keely Madden.

The headcount at the start-up now stands at around 40.

Primary and excess casualty in the US saw double-digit rate growth and remained above loss trends in Q1.

The Bermudian reported net pre-tax cat losses of $49mn, with $32mn attributable to the California wildfires.

The carrier has moved to hire in the fine art and specie line after the exit of Mark Benbow.

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