Axis adds cyber underwriters from Allied World and HSBAxis Insurance has hired two underwriters to its global cyber and technology team, with Alex White joining in Bermuda from Allied World and Jeff Bayer joining in the US from Hartford Steam Boiler.
Axis reduces cyber appetite as ransomware drives Q4 loss ratio increaseBermudian Axis Capital is to curtail its appetite for primary cyber business in 2021 after the carrier identified an uptick in ransomware-related claims as having led to an increase in the fourth quarter loss ratio in its insurance segment.
Axis Insurance hires trio of cyber underwritersAxis Insurance has hired three lead underwriters within its US cyber and technology team, with the trio joining from AIG, Axa XL and Chubb.
Axis and Kennedys Law partner on marine cyber productAxis Insurance has teamed up with Kennedys Law LLP on the new Axis Marine Cyber Insurance product, with the law firm set to provide incident response, legal advice and other services .
Cyber PPP needed to manage accumulation costs from largest events: BenchimolThere remains a need for a public-private partnership to help manage the potential impact of the largest cyber events as the (re)insurance industry does not have enough capital to cover the cost, according to Axis president and CEO Albert Benchimol.
Axis hires trio of US cyber and E&O underwritersAxis Insurance has bolstered its US cyber and technology team with the appointments of Peter Smith, Emma Werth and Jessica Currier from Swiss Re, Tokio Marine HCC and Hiscox, respectively.
Axis hires Lockton’s Perkins for cyber strategy headAxis Insurance has appointed Max Perkins to the newly created role of head of strategy and innovation for the company’s global cyber and technology unit.
Plugging technology gaps to add value to cyber risk mitigationReinsurers are quickly becoming leaders in the understanding and management of cyber risks, writes Axis Re’s chief underwriting officer Megan Thomas.
Axis rolls up Novae cyber team for new specialty divisionAxis has rolled up its cyber operations to create a new underwriting platform that will also offer risk mitigation advice and education.