PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital” or “the Company”) (NYSE:AXS) announced today the appointment of David Phillips as Executive Vice President and Chief Investment Officer, effective April 17, 2014. Mr. Phillips will report to Albert Benchimol, President & CEO.
Mr. Phillips has more than 18 years experience in investments. Most recently, he was the Head of Investments for PartnerRe. Prior to PartnerRe, Mr. Phillips was the Director of Research and a Portfolio Manager at Oppenheimer Capital, an institutional money manager based in New York City.
A CFA, Mr. Phillips received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.
Albert Benchimol, CEO of AXIS commented, “I am excited to announce the addition of David to our leadership team. I'm confident that his broad experience, expertise and proven track record in insurance company investment management will prove a valuable asset to the ongoing development of our portfolio. I was fortunate to work with David in the past and look forward to the great contributions I know he will make to our work at AXIS.”
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with total shareholders’ equity attributable to AXIS Capital at December 31, 2013 of $5.8 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s Investors Service. For more information about AXIS Capital, visit our website at www.axiscapital.com.