AXIS Capital Announces Key Hires at AXIS Re Europe.Business Editors PEMBROKE, Bermuda--(BUSINESS WIRE)--Oct. 6, 2003 AXIS Capital Holdings Limited ("AXIS Capital") (NYSE NYSE See: New York Stock Exchange : AXS AXS Access AXS Anomalous X-Ray Scattering AXS Alpha Chi Sigma AXS Alpha X-Ray Spectrometer AXS Activex Script ) announced today the addition of key senior underwriting professionals to AXIS Re Europe, its newly formed underwriting branch in Zurich. Stephan Knipper has been appointed Executive Vice President Underwriting, with responsibility for the Liability and Credit & Bond lines of business. He will, in addition, act as Deputy to Karl Mayr Karl Mayr (1883 – 1945) General Staff officer and Hitler's immediate superior in an Army Intelligence Division in the Reichswehr, 1919-1920. He later became Hitler's opponent, and wrote in his memoirs that it was General Ludendorff who had personally ordered him to have , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AXIS Re Europe. Mr. Knipper joins AXIS Capital from Gerling Global, where he most recently served as a Member of the Board of Management. Bruno Felix has been appointed Senior Vice President Underwriting, with responsibility for the Motor line of business. He will also act as Marketing Officer for France and Belgium. Mr. Felix is a qualified actuary and, over the last several years, was the Chief Underwriter for the Paris branch office of Gerling Global. "We are extremely pleased that Messrs. Knipper and Felix are joining our organization," said Karl Mayr. "Both gentlemen have earned an excellent reputation in the European markets and have demonstrated strong underwriting skills and discipline while developing significant portfolios." AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. with shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. in excess of $2.0 billion and locations in Bermuda, the United States and Europe. Its operating subsidiaries have been assigned a rating of "A" ("Strong") by Standard & Poor's and a rating of "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion