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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 CEO said the carrier will prioritise margin over top-line growth.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Nat-cat events triggered A$1.36bn of losses during the year.
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The overseas division booked a combined ratio of 94% for the quarter.
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As rate reductions present headwinds, firms are expected to moderate expansion.
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Beth MacGregor and Adam Vulliamy are also set to join from Axis Capital.
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The P&C division booked a combined ratio of 81.1% for the first half of 2025.
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The carrier also reported a slightly improved combined ratio of 94.6%.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
