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Gangu will likely take a gardening leave after vacating his post to consider future steps. -
Gittler joined Axa XL in 2012 and had led the cyber underwriting team since 2021.
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The capacity increase follows the debut of new cyber risk management capabilities.
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Improved cyber hygiene and strong insurer competition has driven rate reductions.
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Launched in 2021, Axis is both an investor and capacity provider.
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It said improvements in cyber hygiene, underwriting and policy language were contributing factors.
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From a buyer and underwriter perspective, managing top risks needs fresh approaches.
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Kinsale CEO Mike Kehoe said social inflation is unabating, but losses fuel the industry.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
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He joins the Munich Re company after almost four years at Cowbell.
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Vantage will underwrite up to $10mn in capacity through its US subsidiaries.
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Loss picks for other liability are at a 23-year high, but that still may not be enough.
