AXIS Expands Global Accident & Health Coverage

July 9, 2010

AXIS Global Accident & Health (AGAH), a division of AXIS Capital Holdings Limited, announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and the UK. The expansion complements AXIS’ 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,” said the bulletin.

AGAH also announced that Paul Chapman has been named CEO of International Accident & Health operations. He will lead international market expansion from the London office.

Prior to joining AGAH, he 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.

AGAH CEO Chris DiSipio noted Chapman’s “exceptional knowledge of the global accident and health market,” and indicated he would “more quickly enable us to reach our goals for global expansion in insurance and reinsurance.”

AGAH said it “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 programs for employer groups, as well as accident and specialty health cover for associations, affinity groups, financial institutions and other organizations.

Source: AXIS Global Accident & Health

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