Axis Capital
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser. -
The executive struck a cautious note on the industry’s reserve adequacy for the 2021-23 accident years.
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The change comes as negotiations start to kick off for 2025 renewals.
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Everest Re bucked a more general trend to keep cat exposure stable.
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The company did not book any changes in its prior period reserve development.
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The executive will replace Habib Kattan, who joined the company last summer.
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Cyber physical damage cover has also been added to the facility.
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The primary casualty book was down by “some 26-odd percent from the prior year”.
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The GWP gain was driven by an 11.2% increase in the insurance top line and 11.8% in reinsurance.
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The executive will be based in Zurich and report to international CUO Joerg Bruniecki.
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The executive is also CUO of Axis Managing Agency.
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