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AXIS Insurance, the specialty insurance business of AXIS Capital Holdings, has entered the pet insurance market.
The company has announced a strategic relationship between its Accident and Health unit and Petplan, the fourth largest MGU in the US and Canada dedicated to pet insurance, providing coverage to more than 280,000 pets.
“Our relationship with Petplan is an exciting way for us to enter the North American pet insurance marketplace and an area of insurance that complements our existing global Accident and Health portfolio,” said James Hamilton, global head of accident and health for AXIS insurance.
Paul Guyardo, president and CEO of Petplan, said: “Given our growth over the last few years, expanding our underwriting capabilities with a partner like AXIS Insurance makes sense. Together, we look forward to bringing our industry-leading coverage to even more pet parents across North America.”
AXIS Insurance, AXIS Capital Holdings, pet insurance, Accident, Health, Petplan, MGU, Paul Guyardo, North America