Axis Capital
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Covid claims would lead to a 106% 2020 combined ratio, the ratings agency says.
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Albert Benchimol says the job of insurers is to mutualise risk, not subsidise it.
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Perkins arrives at the carrier after working at Lockton for five years.
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Mark McCormick takes the CEO role of the group’s Dublin reinsurer, with Helen O’Sullivan staying on as head of the local specialty business.
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Michael Carr will report to US CEO Carlton Maner.
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The executive was head of casualty for North America and London for Axis Reinsurance.
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Chuck Davis disclosed an affiliated fund had boosted its stakes in the Bermuda (re)insurer to almost $20mn.
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The underwriter will be responsible for writing new business and product development.
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Allstate shares shrink 5.3 percent, while Axis shares lose almost 5 percent of their market value.
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CEO Albert Benchimol says the carrier is undergoing an “extensive repositioning” across its business. -
The carrier’s combined ratio improved by 10 percentage points to 107.3 percent over the period.
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