AXIS Insurance Welcomes Cyber Senior Underwriters in Bermuda and U.S.

Rhea-AI Summary

AXIS Insurance, a part of AXIS Capital (NYSE:AXS), has announced the hiring of two seasoned underwriters for its Global Cyber and Technology team. Alex White joins as Senior Underwriter focusing on Cyber and Technology Errors and Omissions in Bermuda, while Jeff Bayer will focus on similar risks for small and medium-sized enterprises in the U.S. Both individuals bring years of relevant experience, enhancing AXIS's capabilities to address complex risks in the evolving cyber threat landscape.

Positive

• Hiring of experienced underwriters Alex White and Jeff Bayer strengthens AXIS's Cyber and Technology business.
• Increased expertise enhances product development for the evolving cyber threat landscape.

Negative

• None.

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the hiring of two underwriters to its Global Cyber and Technology team. Alex White has joined AXIS as a Senior Underwriter, Global Cyber and Technology, and will focus on Cyber and Technology Errors and Omissions (E&O) risks in the Bermuda market. Jeff Bayer joined as Senior Underwriter, U.S. Cyber and Technology and will focus on Cyber and Technology E&O risks for small and medium-sized enterprises in the U.S.

“We continue to strengthen the position of our Cyber and Technology business with the addition of two highly experienced underwriters in Alex and Jeff as we develop relevant products for the cyber threat landscape,” said Dan Trueman, Global Head of Cyber and Technology at AXIS Insurance. “Both Alex and Jeff bring significant underwriting expertise and knowledge of their markets to support our brokers and will be valued members of our team as we address complex risks in the marketplace.”

Mr. White has nearly 10 years’ experience in underwriting and brokering Errors and Omissions and joins AXIS from Allied World where he was a Cyber/E&O Senior Underwriter. He previously worked as a broker at Aon.

Mr. Bayer joins AXIS from Hartford Steam Boiler (a Munich Re company), where he was a Cyber Senior Underwriter. He has more than 20 years of specialty insurance experience, having previously held positions in underwriting, claims and business development.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at December 31, 2020 of $5.3 billion 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/20210322005035/en/

FAQ

What recent hiring did AXIS Capital announce regarding its Global Cyber and Technology team?

AXIS Capital announced the hiring of Alex White and Jeff Bayer as Senior Underwriters for its Global Cyber and Technology team.

What roles will Alex White and Jeff Bayer serve at AXIS Insurance?

Alex White will focus on Cyber and Technology Errors and Omissions risks in Bermuda, while Jeff Bayer will concentrate on similar risks for small and medium-sized enterprises in the U.S.

How does the hiring of new underwriters impact AXIS Capital's market position?

The hiring enhances AXIS Capital's ability to address complex risks in the cyber insurance market, strengthening its competitive position.

What experience do Alex White and Jeff Bayer bring to AXIS Insurance?

Alex White has nearly 10 years of experience in underwriting and brokering, while Jeff Bayer has over 20 years of specialty insurance experience.

What is the stock symbol for AXIS Capital?

The stock symbol for AXIS Capital is AXS.