STOCK TITAN

AXIS Announces Two Appointments to ILS Team

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

AXIS Capital Holdings has appointed Patrick Witteveen as Head of AXIS ILS Business Development and Kyle Freeman as Head of ILS Structuring, Property. Witteveen brings over 20 years of experience in business development, while Freeman has a strong background in the ILS market. Their appointments aim to enhance AXIS ILS's capabilities and presence in attractive markets. AXIS ILS focuses on matching risk with the right capital, leveraging its integrated model and expertise in underwriting and portfolio management.

Positive
  • Appointment of experienced leaders to enhance AXIS ILS's capabilities.
  • Witteveen's extensive background in business development and investor relations.
  • Freeman's relevant expertise in the ILS market to strengthen client relationships.
Negative
  • None.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced that Patrick Witteveen and Kyle Freeman have joined AXIS as Head of AXIS ILS Business Development and Head of ILS Structuring, Property, respectively.

Mr. Witteveen will be responsible for leading the global business development for AXIS ILS, which includes sourcing new investors and managing existing relationships. Mr. Witteveen joins AXIS following over 20 years’ experience in business development, raising third-party capital assets and institutional sales, most recently as Head of Investor Relations & Business Development at Securis Investment Partners. Mr. Witteveen will continue to be based in Zurich, with his appointment effective February 1, 2022.

Mr. Freeman will be responsible for managing existing investor relationships and capital invested in property catastrophe sidecars, catastrophe bonds, joint ventures and other ILS structures. Mr. Freeman joins with experience in the ILS market, most recently as Head of North America Programs Pricing at AXA XL. Mr. Freeman operates from Boston, and his appointment is effective immediately.

“We’re delighted to expand the AXIS ILS team and welcome Patrick and Kyle,” said Chris Caponigro, Global Head of AXIS ILS. “With the addition of Patrick and Kyle, we are further enhancing our internal capabilities to service clients and investors and our presence in geographies that have a strong interest in ILS. We are confident in our positioning as we develop the next phase of the evolution of AXIS ILS.”

AXIS ILS is the recently re-branded third-party capital unit at AXIS.

About AXIS ILS – “Matching the Right Risk with the Right Capital”

With leading underwriting acumen and portfolio management expertise, AXIS ILS matches the right risk with the right capital. AXIS ILS leverages its integrated model to package risk and execute transactions that deliver on the expectations of its customers and capital partners. The team is lean and nimble, enabling AXIS ILS to adapt quickly to changing market conditions while offering a customized approach tailored for each of its clients.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity of $5.3 billion at September 30, 2021, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Investor Contact

Matt Rohrmann

AXIS Capital Holdings Limited

investorrelations@axiscapital.com

(212) 940-3339

Media Contact

Anna Kukowski

AXIS Capital Holdings Limited

anna.kukowski@axiscapital.com

(212) 715-3574

Source: AXIS Capital Holdings Limited

FAQ

Who are the new executives at AXIS Capital?

Patrick Witteveen joins as Head of AXIS ILS Business Development, and Kyle Freeman as Head of ILS Structuring, Property.

What are the roles of Patrick Witteveen and Kyle Freeman at AXIS Capital?

Witteveen will lead global business development for AXIS ILS, while Freeman will manage investor relationships and capital in ILS structures.

What experience do the new executives bring to AXIS ILS?

Witteveen has over 20 years in business development, and Freeman has significant experience in the ILS market.

When did the new appointments at AXIS Capital take effect?

Witteveen's appointment is effective February 1, 2022, and Freeman's is immediate.

What is the focus of AXIS ILS?

AXIS ILS focuses on matching the right risk with the right capital through its integrated model and expertise.

Axis Capital Holders Limited

NYSE:AXS

AXS Rankings

AXS Latest News

AXS Stock Data

7.16B
83.66M
0.51%
94.89%
1.26%
Insurance - Specialty
Fire, Marine & Casualty Insurance
Link
United States of America
PEMBROKE