AXIS Capital Strengthens Global Presence with Key Hire Targeting Asia Pacific Region.Business Editors PEMBROKE, Bermuda--(BUSINESS WIRE)--March 11, 2004 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 ) today announced that it has appointed Andreas Thiele to the new position of Senior Vice President Director, Asia Pacific Region. The Company is currently reviewing plans for a local presence in Asia. Mr. Thiele has over twenty-five years of experience in the 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. industry in Europe, the U.S. and Asia. In his new role at AXIS Capital, he will spearhead strategic business development in the Asia Pacific region for the Company's Global Reinsurance and Global Insurance segments. John Charman John R Charman (born 1953), is an English businessman, who has made his career in insurance. He is currently CEO/President/Director at Bermuda based Axis Capital Holdings Ltd. , 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. , commented, "The important Asian region is the last of the significant global locations that we at AXIS are contemplating. This represents the final building block to our international network and will allow us to maximize our penetration in the region. Having someone of Andreas Thiele's experience and background represent AXIS in the region will greatly enhance our underwriting activities and service capabilities as well as facilitate our business development plans there." AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance 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. of approximately $2.8 billion and locations in Bermuda, the United States and Europe. Its operating subsidiaries have been assigned a rating of "A" ("Excellent") by A.M. Best and a rating of "A" ("Strong") by Standard & Poor's. For more information about AXIS Capital, visit the Company's website at www.axiscapital.com. |
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