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AXIS Global Accident & Health Begins International Reinsurance Operations

Source: MarketWatch

Posted on 09 Jul 2010

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AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited , today announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and the UK, complementing its existing offerings in the U.S. As part of this marketing expansion, international reinsurance cover is now available on a quota share, excess of loss and aggregate excess of loss basis for Corporate Personal Accident and Business Travel Accident products, Association/Affinity programs and Catastrophic Health products.

AXIS Global Accident & Health also announced that Paul Chapman has been named CEO of International Accident & Health operations and that he will lead international market expansion out of the London office.

Prior to joining AXIS Global Accident & Health, Paul worked at the Chubb Group of Insurance Companies for 18 years and most recently served as the head of personal insurance at Chubb Insurance Company of Europe, where he had responsibility for its personal lines and accident and health business across Europe.

"Paul brings us his exceptional knowledge of the global accident and health market," said Chris DiSipio, Chief Executive Officer and President, AXIS Global Accident & Health. "His specialised expertise will more quickly enable us to reach our goals for global expansion in insurance and reinsurance."

AXIS Global Accident & Health plans to expand its insurance operations to the European, Canadian, Australian and Asian markets. Insurance products for international markets now in development include personal and business travel accident programmes for employer groups, as well as accident and specialty health cover for associations, affinity groups, financial institutions and other organisations.

About AXIS Global Accident & Health

AXIS Global Accident & Health offers accident and health insurance and reinsurance cover for employers, affinity groups, financial institutions and other customers through insurance carriers, managing general underwriters, brokers, third party administrators, and other key distributors. AXIS Global Accident & Health has a significant capacity for underwriting global reinsurance risks for accident and health insurance carriers. The division has key offices in Princeton, New Jersey; Chicago, Illinois; London, England; and Dublin, Ireland.

AXIS Global Accident & Health offers a fresh, modern alternative to traditional insurance carriers. Our disciplined and innovative product development process delivers customized, flexible accident and health products to the global market. AXIS Global Accident & Health continually explores opportunities for strategic partnerships and growth. For more information, please visit

About AXIS Capital Holdings Limited

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at March 31, 2010 of $5.4 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. AXIS Capital has been assigned a senior unsecured debt rating 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