Axis Capital

The Bermudian also revealed a $29mn restructuring charge for Q3.

The Inside P&C news team runs you through the earnings results for the day.

Carlton Maner is stepping down after having served at AXIS for almost 22 years.

The sidecar has been launched alongside partner Stone Point Credit Adviser.

Cyber is another market Axis is watching closely, given new MGA entrants as well as the recent rise of ransomware activity, with the carrier expecting more “undulation” as a result.

Wu will focus on supporting and growing the broker’s existing US, Canada and Bermuda strategic partnerships.

Some 15 months on from the property reinsurance exit, he said the firm continued to reserve the right to reshape the portfolio.

Inside P&C’s news team runs you through the key highlights of the week.

Rate declines have not been as pronounced in private D&O, though competition is increasing.

Effective August 24, Kristen Hunter will start as head of inland marine – North America at Axis, bringing a team of three with her from Berkshire Hathaway.

A 15% tax is in the works, but appears manageable, and with (re)insurance being Bermuda’s largest industry, the territory will take steps to keep companies where they are.

Differences in reinsurer strategies and risk management lead to differentiation in stock multiples and long-term value creation.