AXIS Capital Promotes Helen O’Sullivan to Global Treasurer

Rhea-AI Summary

AXIS Capital has appointed Helen O’Sullivan as Global Treasurer, effective January 1, subject to regulatory notifications. O’Sullivan, who joined AXIS in 2007, will manage capital, foreign currency, cash, and liquidity, and report to CFO Peter Vogt. She previously served as CEO of AXIS’ Irish entities and brings extensive experience in global insurance. AXIS Capital reported shareholders' equity of $5.3 billion as of September 30, 2021, and maintains strong ratings from Standard & Poor's and A.M. Best.

Positive

• Appointment of Helen O’Sullivan as Global Treasurer enhances leadership.
• O’Sullivan has a strong track record since joining AXIS in 2007.
• AXIS Capital has a robust shareholders' equity of $5.3 billion.

Negative

• None.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced that Helen O’Sullivan has been promoted to Global Treasurer of AXIS, effective January 1 subject to regulatory notifications. In this role, Ms. O’Sullivan will be responsible for overall capital, foreign currency, cash and liquidity management, as well as managing rating agency relationships on behalf of AXIS Capital. She will report to Peter Vogt, Group Chief Financial Officer and work from Dublin, Ireland.

“Helen has been an integral member of our team since she joined AXIS in 2007. Helen’s strong track record of leading our Irish legal entities, expertise in international tax management and extensive experience in global insurance and banking make her the perfect candidate for this position,” said Mr. Vogt

Ms. O’Sullivan joined AXIS in 2007 as Deputy Global Tax Director. She was CEO of AXIS’ Irish legal entities since 2018 and is currently CEO of AXIS Specialty Europe. The Company will develop and communicate a transition plan for Ms. O’Sullivan’s current responsibilities.

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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20211220005124/en/

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 is the new Global Treasurer of AXS?

Helen O’Sullivan has been appointed as the new Global Treasurer of AXIS Capital, effective January 1.

What are the main responsibilities of the Global Treasurer at AXS?

The Global Treasurer at AXIS Capital will manage overall capital, foreign currency, cash, and liquidity.

What was AXS's shareholders' equity as of September 30, 2021?

AXIS Capital reported a shareholders' equity of $5.3 billion as of September 30, 2021.

What is the significance of Helen O’Sullivan’s promotion for AXS?

Helen O’Sullivan's promotion is significant as it strengthens AXIS’s leadership and capital management.

What ratings does AXS have from major rating agencies?

AXIS Capital has been assigned an 'A+' rating by Standard & Poor's and an 'A' rating by A.M. Best.