AXIS Capital Holdings has appointed Mark McCormick as CEO of AXIS Re SE (ARe), its Irish reinsurance entity.
McCormick joins the board of directors at AXIS Specialty Europe (ASE), AXIS Capital’s specialty insurance legal entity domiciled in Ireland, with branches in London, Brussels and Amsterdam, as a non-executive director. He is responsible for running ARe and the legal entity aspects of its branch in Zurich, and will continue to advise AXIS Re on actuarial pricing matters for its aviation, marine and agriculture business lines.
He is based in Dublin and succeeds Helen O’Sullivan, who remains CEO and director of ASE and director of ARe.
McCormick has been at AXIS for ten years, having joined AXIS from AmTrust, where he was an actuary and underwriter. He has also held actuarial roles at Imagine and Fineos.
He was most recently co-head of specialty pricing for AXIS Re, helping to develop and oversee the business segment’s specialty reinsurance pricing unit. He managed all non-US actuarial pricing for AXIS accident and health from 2010 until that business was merged into AXIS Capital’s insurance and reinsurance business segments in 2018.
The appointment is subject to regulatory approval.
AXIS Capital, Mark McCormick, Helen O’Sullivan