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Peter Vogt will act as a strategic advisor at Axis until the end of 2026. -
Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The overseas division booked a combined ratio of 94% for the quarter.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The insurer has substantially expanded its marine team in recent years.
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The London carrier missed consensus on gross and net premiums for H1.
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Brokers turn to harder classes, innovation, commissions and tech to soften the blow.
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The announcement comes a week after the institutional investor said it would accelerate its pivot to an insurance-led strategy.
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The airline has exercised a break clause to renew its cover six months earlier.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
