Axis Capital
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The reinsurance business of Axis Capital is currently recruiting for the parallel role of North America mortgage and surety head.
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Filip Vandeputte will be branch manager for Brussels and Amsterdam and office lead for Aviabel.
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The PE firm, whose founder sits on the Bermudian’s board, began building the stake in March.
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Sue Ringold and Bill Orendorf will join Roman Romeo’s team in Bermuda.
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Parkdean’s legal arguments bear a close resemblance to those in the FCA test case.
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The executive joined the company last year from Swiss Re and has also worked at AIG and Willis.
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The new recruit will lead the carrier’s US open market business.
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The underwriter will be responsible for the strategy and underwriting of the business segment.
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Bobby Kwan will help manage the reinsurer’s property portfolio in the region.
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The move comes after AM Best last week cut the carrier’s FSR to A.
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The CEO says the carrier is committed to winning back its A+ Superior rating.
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The ratings agency says the revision reflects a deterioration in the (re)insurer’s operating performance.
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