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AXIS Specialty Limited Announces Appointment of Richard H. Blum.


Business Editors

PEMBROKE, Bermuda--(BUSINESS WIRE)--Jan. 24, 2002

AXIS Specialty Limited announced today that effective February 1, 2002, Richard H. Blum will be joining the group as Vice Chairman of Axis Specialty U.S. Holdings, Inc.

Mr. Blum, working with Robert J. Newhouse, Jr., Chairman, and John R. Charman, 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. , will be responsible for helping to establish the U.S. 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.  and insurance operations through a subsidiary of Axis Specialty Limited.

Mr. Blum retired from Marsh & McLennan Companies, Inc. in 1999 where he had served as Chairman and CEO of Guy Carpenter Guy Carpenter was fictional character in the Australian soap opera Neighbours played by Andrew Williams from 1991 to 1992. Family Tree
  • Lou Carpenter (father), married to Cathy Carpenter (mother), Linda Carpenter, Trixie Tucker and had relationships with
 & Company, Inc., Vice Chairman of J&H Marsh & McLennan and director of Marsh & McLennan Companies, Inc. Mr. Blum is a director of RLI RLI Realtors Land Institute
RLI Reserve Life Index (oil industry)
RLI Rhodesian Light Infantry (Rhodesian Army Unit)
RLI Retail & Leisure International
RLI Resource List Interoperability
 Corp. and a member of the Board of Overseers of the School of Risk Management, Insurance and Actuarial Services at The Peter J. Tobin Peter J. Tobin is the former Chief Financial Officer of the Chase Manhattan Corporation. He has led the company through several successful mergers and acquisitions in the course of its history. Mr. Tobin graduated with a bachelor's degree from St. John's University in 1965.  College of Business, St John's University.

John Charman said "We are delighted to have someone of Dick's reputation and global experience, in the insurance and reinsurance business, join us."

AXIS Specialty Limited is a Bermuda based insurance and reinsurance company initially focusing on property catastrophe reinsurance and specialty lines of insurance.
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Publication:Business Wire
Date:Jan 24, 2002
Words:193
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