Axis Capital
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Market conditions remain “vibrant” with substantial rate increases in property business. -
The carrier’s consolidated combined ratio improved 1.9 points to 91.5%, as its Q2 pre-tax cat losses declined 52%.
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The vehicle is turnkeyed by Mission Underwriters.
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The underwriter specialises in business including commodity traders, petrochemical risks and African business.
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The executive has worked at the Bermudian carrier for more than two decades.
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The executive will be responsible for shaping the business unit’s strategy in alignment with the wider reinsurance business.
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Raj Brar has spent more than four years at the carrier as a senior construction underwriter.
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She will report to global head of cyber and technology Dan Trueman and play a key role in shaping the team’s strategic direction.
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Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.
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She will be responsible for driving the firm's global data strategy and governance as well as overseeing the analytics operating model.
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Mark Gregory was previously CEO of Axis’s international division, while McKenna was CUO of Falvey Insurance Group for two years.
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The withdrawal from the aviation reinsurance class announced yesterday represented ~$10mn of non-renewed premium.
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