AXIS Insurance Hires Angus Lynn as Vice President, Professional Lines Underwriter in Bermuda

Rhea-AI Summary

AXIS Insurance, part of AXIS Capital (NYSE: AXS), has appointed Angus Lynn as Vice President, Professional Lines Underwriter in Bermuda. Lynn will focus on Commercial and Financial Institutions Professional Lines, including Lawyers Errors and Omissions. His extensive experience in the Bermuda market, including previous roles at XL Bermuda and Endurance Specialty Insurance, positions him to enhance AXIS's underwriting capabilities. This strategic hiring aims to address the evolving professional liability needs in the region, as highlighted by Hillary Williams, Executive VP for Professional Liability – Bermuda.

Positive

• Angus Lynn's appointment adds significant experience to the AXIS Insurance team, likely enhancing underwriting capabilities.
• His background in the Bermuda market could lead to tailored solutions for clients, potentially improving client satisfaction and retention.

Negative

• Concerns about continuity during the transition period as Lynn acclimates to his new role may affect operational efficiency.

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the hiring of Angus Lynn as Vice President, Professional Lines Underwriter in its Bermuda office. Mr. Lynn will focus on Commercial and Financial Institutions Professional Lines as well as Lawyers Errors and Omissions underwriting in the Bermuda market.

“Angus brings broad experience of the Bermuda professional lines market, along with extensive underwriting expertise of this class of business,” said Hillary Williams, Executive Vice President and Head of Professional Liability – Bermuda, for AXIS Insurance. “His insights into the evolving professional liability risk needs and business operating environment will enable us to deliver better and more informed solutions for our clients.”

Mr. Lynn joins AXIS Insurance from XL Bermuda, where he was a Senior Claims Specialist focusing on negligence and general liability claims. He previously spent seven years underwriting Professional Lines as an Assistant Vice President at Endurance Specialty Insurance. He began his career in insurance as a Senior Claims Analyst for Professional Lines at Allied World Assurance Company. Mr. Lynn is also a Bermuda qualified Barrister and Attorney.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at September 30, 2020 of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and the Middle East. 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/20201217005022/en/

FAQ

Who is Angus Lynn, and what is his role at AXIS Capital?

Angus Lynn has been appointed Vice President, Professional Lines Underwriter at AXIS Insurance in Bermuda, focusing on Commercial and Financial Institutions Professional Lines.

What experience does Angus Lynn bring to AXIS Capital?

Lynn has extensive experience in the Bermuda professional lines market, previously working as a Senior Claims Specialist at XL Bermuda and as an Assistant Vice President at Endurance Specialty Insurance.

How might Angus Lynn's hiring impact AXIS Insurance's performance?

His expertise could enhance underwriting capabilities and provide better solutions for clients, potentially improving business performance.

When was Angus Lynn appointed Vice President at AXIS Capital?

The press release announcing Angus Lynn's appointment was issued on December 17, 2020.