24 August 2017News

AXIS Re poaches Swiss Re executive for PL business

Bermuda-based AXIS Re has appointed Neil Monahan to the position of senior vice president, professional liability.

Monahan will be responsible for leading AXIS Re’s professional liability reinsurance underwriting business in the US. He will report to Jon Colello, president and chief underwriting officer, US, AXIS Re. He will be based out of AXIS’ New York office.

“Neil’s hiring is an important step in solidifying AXIS Re’s leadership in professional liability reinsurance,” said Colello. “He has a broad range of experience in both medical and non-medical Professional Liability, which will help us grow this business and deepen our relationships with clients and partners in distribution. His appointment will enable AXIS Re to further deliver upon our promise of providing robust and agile solutions, backed by market-leading expertise and skilled underwriting, that help our clients effectively mitigate and transfer complex risks.”

Before joining AXIS, Monahan was head of broker relations, professional liability lines, at Swiss Re. He began his (re)insurance career at Cigna Special Risk Facilities and later held senior underwriting roles at Reliance National and PMA Re.

Monahan is a chartered property and casualty underwriter and is a member of the Professional Liability Underwriting Society. He earned both his MBA and Bachelor’s degrees from Drexel University.