Axis Capital
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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding. -
The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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The three lines add up to 80% of the deal.
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The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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The company’s reshaping of the book will be substantially completed by year end.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In tandem, John Posa joins the primary casualty team as vice president.
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The executive moves from his current role as chief risk officer for Axis Managing Agency.
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