AXIS restructures Global Markets unit with series of promotions
Bermuda-based specialty re/insurer AXIS Capital has overhauled its Global Markets unit to enhance underwriting focus and boost operational performance.
The London-based general liability and international casualty MGA teams will now report to Sarah Stephen, newly promoted to head of liability. In turn, she will report to Dax Gulmohamed, whose role expands to oversee all global markets liability alongside professional lines and his position as CEO of AXIS Specialty Europe, the firm’s European trading platform.
Gulmohamed and John Owen, head of specialty, will now report to Rory MacGregor, head of underwriting for Global Markets, as his remit expands across underwriting lines.
The UK property binder team will shift under the Global Markets property team, led by Steve Cross.
Raj Brar, formerly head of international casualty and construction MGA, has been promoted to head of construction, Global Markets, succeeding Anna Woolley, who departs AXIS later this year.
Sam Patrick, previously head of analytics, has been named head of Global Markets transformation, reporting to Sara Farrup, head of Global Markets. Patrick will work with leadership to drive operational excellence, streamline underwriting, and boost innovation.
A search is underway for a new head of delegated strategy, reporting to Farrup and tasked with leading all coverholder and MGA business within Global Markets, the firm said.
“As part of AXIS’s commitment to continual progress and leadership in specialty, we are aligning several of our Global Markets teams where we see clear pathways to work more collaboratively and effectively together,” said Farrup. “Doing so has created opportunities for promotion and expansion of responsibilities and demonstrates the underwriting and leadership acumen within our business.”
Farrup added: “Taken together, these actions and appointments help advance our strategic priorities and ability to best deliver for customers in a dynamic marketplace. By realigning talent in areas that will enhance collaboration and operational performance within Global Markets, we are progressing in our ambition to be a leader in our chosen specialty markets.”
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