AXIS Healthcare enters nursing home liability market

AXIS Healthcare, part of AXIS Capital Holdings, has entered the nursing home professional liability market by hiring two underwriters who have significant experience in senior aging services.

Dave Stoner, previously a vice president at Rockhill Insurance Group, has 27 years of aging services professional liability underwriting experience. Jason Correll, also from Rockhill, where he was an assistant vice president at Rockhill, has 14 years of experience in that area.

AXIS Healthcare is the division of AXIS Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals and allied healthcare facilities.

“This move marks AXIS Healthcare’s entry into the aging services market, which we have long identified as a promising and growing segment for specialty insurers,” said Peter Wilson, president of AXIS Insurance’s US operations. “The long-term demographics of an aging population indicate that this should be a growth business as the demand for assisted living and nursing care increases.”

Kimber Lantry, head of AXIS Healthcare, added: “Given the strong demographic trends driving long-term growth in aging services and nursing home care, we have great confidence both in the scale of the opportunity and in the actuarial, claims, and underwriting expertise AXIS Healthcare will bring to serving clients and brokers in this area. As part of the anticipated transition from Rockhill, we are very pleased to welcome two additional highly experienced underwriters, Dave and Jason, to our team.”