AXIS names Chris Caponigro as Global Head of rebranded AXIS ILS

AXIS names Chris Caponigro as Global Head of rebranded AXIS ILS

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has employed Chris Caponigro to work as the Global Head of AXIS ILS, the businesss rebranded 3rd party capital unit.Caponigro signs up with AXIS from international reinsurer Everest Re, where he worked as Head of Business Development at the companys Mt. Logan Re collateralized reinsurance sidecar-like structure.
In his new function with AXIS ILS, Caponigro handles oversight of the companys activities related to 3rd party capital under management, supporting efforts across its insurance and reinsurance units.
Efficient July 22nd, 2021, he will report to Steve Arora, Chief Executive Officer (CEO) of AXIS Re and will be based out of the firms New York and New Jersey workplaces.
” Chris brings a distinct mix of deep ILS and investor experience, integrated with a technical background in underwriting, and strong social and leadership skills. Our group and our financiers will benefit substantially from the competence, viewpoint and partnership that Chris brings,” said Arora.
” In recent years, weve elevated AXIS as a gamer in the ILS space. The addition of Chris to our group, combined with our rebranding of business, shows our dedication to investors and the top priority that we are positioning on growing our ILS organization.”
Commenting on his brand-new function, Caponigro said, “Im thrilled to join AXIS, a prominent underwriter and portfolio supervisor. I am impressed by the Companys capability to customize portfolios for partners and its strong focus on service and responsiveness.
” AXIS has a fantastic platform and I believe there is considerable potential to further grow business while leveraging our ability to provide investors with broad access to the global specialty insurance and reinsurance markets.”
Prior to Mt. Logan Re, Caponigro served as Head of North American Catastrophe Lines at Platinum Underwriters Bermuda. Earlier in his career, he held senior reinsurance underwriting and business roles with increasing levels of authority at Platinum and St. Paul Re.
The rebranded AXIS ILS intends to “match the right risk with the ideal capital” and leverages its integrated design to package danger and perform transactions.
AXIS states that the ILS group is nimble and lean, and is therefore able to adjust quickly to altering market conditions.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!