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AXIS Capital Launches Global Accident & Health Division

To offer accident and health insurance and reinsurance coverages through insurance carriers, managing general underwriters, brokers, third party administrators

AXIS Capital Holdings has launched a new division – AXIS Global Accident & Health. It will offer accident and health insurance and reinsurance coverages through insurance carriers, managing general underwriters, brokers, third party administrators and other key distributors.

In January 2009, Christopher DiSipio was appointed as chief executive officer of the newly formed AXIS Global Accident & Health division, and reports to Dennis Reding, chief operating officer of AXIS Capital. Most recently, Mr. DiSipio was chief operating officer of Accident, Health and Life, at the Chubb Corporation, where he was responsible for developing and implementing Chubb’s accident, health and life strategy worldwide.

AXIS Capital has also announced that Michael Pellino has joined the company as senior vice president of underwriting of the new division. Previously, Mr. Pellino led accident and specialty insurance underwriting and product development at Catlin Underwriting and CIGNA Group Insurance.

AXIS Global Accident & Health will be available to provide reinsurance coverage on a quota share, excess of loss and aggregate excess of loss basis beginning in January 2010.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, 2009 of $4.9 billion.