AXIS Re Strengthens Commitment to Future Market Leadership
AXIS Re announced that it is:
- Redesigning its client engagement model including introducing
AXIS Re Strategic Partners - Expanding products and markets including broadening capabilities in Structured Reinsurance, and increasing its presence in
Asia - Introducing new organizational model to better service clients and brokers
PEMBROKE,
“AXIS Re has been a remarkable story over the last 17 years and has established a profile from a start-up company to a global player with a reputation for strong underwriting, expertise and claims service. Today, the industry is rapidly changing – new forces are reshaping the market, new risks are emerging, protection gaps are growing and there is a need for fresh solutions that solve client needs,” said
Added
Introducing AXIS Re Strategic Partners
AXIS Re will enhance its client engagement model to enable a more proactive and consultative approach. This will be accelerated with the launch of
Expansion of Products and Markets to Complement the Core Offering
AXIS Re also announced the expansion of products and markets to be best positioned for long term success and deliver maximum value to clients. This will include:
- Broadening capabilities for Structured Reinsurance to offer customized solutions for client needs
- Growing its presence in
Asia to strengthen the global footprint - Dedicating a team to service highly expert-driven Specialty Re businesses
Organizational Model Designed To Deliver on Objectives
AXIS Re will now organize around four major divisions –
-
Jon Colello has been namedPresident North America , based inNew York , and the division will include the organization’sBermuda platform.Peter Kiernan will continue as President Bermuda. -
Jan Ekberg will continue as President EMEA, based inZurich . AXIS Re’sLatin America business will continue to be part of the EMEA Division. -
Les Loh has been promoted to President Asia, based inSingapore . Mr. Loh had previously served as Deputy Head of Underwriting Asia. -
Rob Smart has been appointed Interim President of the newly created Global Markets division. The Global Markets division will be the home ofAXIS Re Strategic Partners , the newly formed Specialty Re, and international business through the Lloyd’s platform. The organization will conduct a search for the newly created role.Mr. Smart had previously served as Head of International Reinsurance A&H. -
Megan Thomas , recently appointed Chief Underwriting Officer, will lead the newly created Reinsurance Products team, based inNew York . -
Rob Looney , CFO & COO, will lead Reinsurance Services, based inNew York . -
Victoria Westerberg will continue as Head of Human Resources, based inZurich .
“Together, we plan to elevate AXIS Re to the next level, and today is an exciting step in that direction,” said
There will be no changes to AXIS Capital’s presentation of financial results as a result of these organizational changes.
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