Axis Capital
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The company has appointed Carlton Maner as CEO, who will report directly to Axis Specialty and Reinsurance CEO Vincent Tizzio. -
The executive will step into a newly created role, which was announced in the company’s strategic plan in June.
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The executive will also serve as senior underwriter of professional liability.
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Berkley also increased its position in Global Indemnity and now owns around 8.5% of the firm.
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The ratings agency also affirmed the long-term issuer credit rating of ‘a+’ for the insurer.
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Inside P&C’s news team runs you through the key highlights of the week.
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After the bumpy rebalancing away from reinsurance, the firm must now step up to deliver on the plan based around its better-performing insurance unit.
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The executive laid out the carrier’s plans following a property cat exit on a call with analysts.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Bermudian’s gross premiums written rose 9% year-on-year as increases from the insurance segment offset a 4% decrease in reinsurance.
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The sector was hit by a rough first half of 2022, with more to come in the second half of the year.
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The firm announced that it is exiting the property reinsurance business.
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