Axis Capital
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Covid claims would lead to a 106% 2020 combined ratio, the ratings agency says.
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Albert Benchimol says the job of insurers is to mutualise risk, not subsidise it.
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Perkins arrives at the carrier after working at Lockton for five years.
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Michael Carr will report to US CEO Carlton Maner.
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The executive was head of casualty for North America and London for Axis Reinsurance.
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Chuck Davis disclosed an affiliated fund had boosted its stakes in the Bermuda (re)insurer to almost $20mn.
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Allstate shares shrink 5.3 percent, while Axis shares lose almost 5 percent of their market value.
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A picture is emerging of the state of the reinsurance market heading into the mid-year renewals.
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The carrier is to book $140mn of weather-related losses and $29mn from agricultural reinsurance. -
Sam Walsh joins from GCube, while liability specialist Pifer moves over from another Axis division.
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Joining the board is Anne Melissa Dowling, a former insurance regulator in Connecticut and Illinois.
