Axis Capital
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Based in New York, Watt will report directly to Axis specialty insurance head and incoming group CEO Vince Tizzio. -
Inmaculada Gonzalez was previously US head of ceded reinsurance placements.
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He will report to John Van Decker, president of global financial lines, and will also work closely with Axis Wholesale, led by CEO Carlton Maner.
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The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.
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Axis CEO Albert Benchimol has led posthumous tributes to industry veteran Michael Butt.
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Inside P&C’s news team runs you through the key highlights of the week.
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Axis has reported good results as it heightens its focus on specialty business, but it remains to be seen if it can close the value creation gap.
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In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.
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The carrier estimated losing less than $10mn of desired renewals due to exits from property and property cat reinsurance.
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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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Pre-tax catastrophe losses during the quarter totaled $64mn, including weather-related losses of $32mn, primarily attributable to Winter Storm Elliott.
