AXIS Strengthens Operating Model, Accelerating Strategy to Drive Profitable Growth
By a
"These actions to strengthen our operating model set AXIS on a powerful path forward as we accelerate our strategy to be a leader in specialty insurance and reinsurance, while increasing our efficiency and enhancing our profitability. Customer-centricity is paramount to our thinking, and these changes will also allow us to improve the fitness of our company, making AXIS more agile and ready for the future so it can capitalize on an evolving market-all while providing greater value to our clients and delivering stronger returns to our shareholders," said
The announcement follows AXIS' recent acquisition of Novae, and the latest enhancements are a continuation and acceleration of AXIS's initiatives focused on establishing a differentiated market position and consistently delivering superior value creation. Added
"Through our Global Underwriting and Analytics unit, we are creating a Data and
AXIS also announced that
"A&H is a successful and established global business that we expect to continue to grow profitability and be an important contributor to AXIS," said
The realignment is also expected to create more opportunities for AXIS' A&H teams to leverage customer and partner relationships across the business, better tap into existing client networks, and help ensure seamless delivery of A&H and more traditional P&C (re)insurance products to AXIS' international clients. Further, the move is expected to help AXIS' P&C reinsurance team leverage the geographic expansion and client relationships achieved by its A&H teams.
Current AXIS A&H CEO
"We are deeply appreciative of Chris for his leadership in growing the A&H business from a start-up into a profitable
The change is expected to improve agility, increase efficiency, and enable the functions to deliver greater value-added services to business units and their customers.
With the integrated IT functional model, AXIS will establish a strong foundation for growth, enabling the Company to better support the business in differentiating initiatives and respond to customer needs. AXIS' IT department will be led by Chief Information Officer
In introducing an integrated "future-ready" functional model, AXIS' Finance department will adapt its way of working and leverage technology to devote more time to value-adding activities and further increase its capabilities as a strategic partner to the Company's business units. The Finance department will be led by
Separately, AXIS will combine Ceded Re and its
Said
Keywords for this news article include: Business,
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