Axis Capital
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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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The syndicate reported profit up 44.7% to $153mn for the year.
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Dejung spent 13 years at Scor, most recently as cyber CUO.
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It will begin underwriting from April 2024.
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Talbot has lost a trio of PV underwriters to Ark in recent months.
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Marty Becker was previously chair of QBE Insurance and Alterra Capital.
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Slipstream will be available to marine, cargo and logistics UK clients.
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Head of FI Samantha Shean is leaving Axis to join Aviva.
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The firm will still be prepared for ‘modest changes’.
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Its PPD ratio for the quarter jumped 34.2 points YoY to 33.6%.
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Axis shares were trading at almost $59 after closing at around $55 Tuesday.
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More than 100% of the reserve charge came from pre-pandemic years, as the slight release of $40mn that offset the full-year increase of $452mn was from 2020 to 2022 accident years.
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The reserve strengthening was related to liability and professional lines related to 2019 and prior accident years, the firm wrote in a preliminary earnings disclosure.
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The transaction would have been one of the largest the market has seen for years.
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The Syndicate 2050 will provide capacity for new energy projects that support the transition to net zero.
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Stan Galanski most recently served as president and CEO of The Navigators Group until its 2019 acquisition by The Hartford.
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The latest class of business entry forms part of the carrier’s ongoing international insurance expansion.
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Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
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John Owen has been with Axis – and Novae prior to its merger with Axis in 2017 – for 19 years in underwriting and leadership roles.
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The Bermudian also revealed a $29mn restructuring charge for Q3.
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The 11.6-point CoR improvement was driven by smaller catastrophe losses, which totaled $42mn for the quarter, compared to $212mn a year ago.
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Carlton Maner is stepping down after having served at AXIS for almost 22 years.
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Staff movement in the marine class exceeds that in all other lines of business.
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