PEMBROKE, Bermuda & ZURICH--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced the appointment of Michael Leahey as Vice President and Deputy Head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to underwriting Property Catastrophe reinsurance business in those regions, Mr. Leahey will also help further expand the coordination between AXIS Re’s European Underwriting and Catastrophe modeling teams. He will report to Andrew Bisset, Executive Vice President, AXIS Re, and will be based out of the Company’s Zurich office.
Commenting on the hiring of Mr. Leahey, Mr. Bisset said, “Michael’s appointment is an important step as we continue to enhance the services and expertise we provide our clients in the Property Cat treaty reinsurance space. He brings extensive experience in Property Cat underwriting, portfolio analysis and pricing, all of which will enable AXIS Re to further deliver upon our promise of providing robust and agile solutions that help our clients effectively manage their risks.”
Mr. Leahey has nearly a decade of experience underwriting property reinsurance coverage, including catastrophe modeling and analysis of insurance-linked securities (ILS). He joins AXIS Re from XL Catlin, where he was a Senior Property Underwriter and Market Manager for the Nordics region and Senior Property Underwriter for the DACH region. Mr. Leahey began his reinsurance career at PartnerRe, where he held a succession of Property Catastrophe underwriting roles. Prior to that, Mr. Leahey was an environmental geologist and engineer in Zurich.
Mr. Leahey is a Chartered Financial Analyst and earned his Master’s degree in geophysics at the Swiss Federal Institute of Technology, Zurich, where he also received a Bachelor’s degree in earth sciences.
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at December 31, 2016 of $6.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada 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. For more information about AXIS Capital, visit our website at www.axiscapital.com. Please be sure to follow AXIS Capital on LinkedIn.
About AXIS Re
AXIS Re — a business segment of AXIS Capital Holdings Limited (NYSE:AXS) — provides reinsurance to insurance companies on a worldwide basis, comprising catastrophe, property, professional lines, credit and surety, motor, general liability, engineering, marine, workers’ compensation and agriculture, as well as other highly specialized risk transfer solutions. For more information about AXIS Re, please visit www.axiscapital.com/en-us/reinsurance.