AXIS Capital appoints head of insurance-linked securities

Internal hire brings extensive ILS knowledge

AXIS Capital appoints head of insurance-linked securities

Insurance News

By Terry Gangcuangco

AXIS Capital has promoted Kyle Freeman (pictured) to the role of AXIS ILS (insurance-linked securities) head.

In his new position, Freeman will lead the firm’s efforts in third-party assets under management, directly reporting to AXIS chief financial officer Peter Vogt. The newly appointed head of ILS has been with the insurance group since 2021, initially serving as ILS structuring head for property.

Aside from managing investor relationships, Freeman was also in charge of capital investments in property catastrophe sidecars, catastrophe bonds, joint ventures, and other ILS vehicles. Before his tenure at AXIS, he was head of North America programs pricing at AXA XL.

Freeman’s credentials include time spent at JPMorgan, AIR Worldwide, and USAA (United Services Automobile Association). A former nuclear engineer and submarine officer with the US Navy, Freeman served for seven years before joining the corporate world.

Vogt commented: “Kyle is a valued leader within the AXIS organisation who has extensive knowledge and experience in ILS, working with the investor community, and creating alternative reinsurance structures.

“Further, he has a proven track record of innovation within our company, including most recently leading the Long Walk Re transaction, where AXIS closed the market’s first 144A cyber catastrophe bond.

“We look forward to the continued development of our ILS initiatives under Kyle’s leadership, programs that will be essential to AXIS advancing its leadership position in specialty.”

Freeman’s promotion comes on the heels of recent leadership appointments at AXIS. The positions include chief commercial officer, global chief information officer, and chief underwriting officer for global cyber & technology.  

In May, the company will also see W. Marston Becker taking over as non-executive chair from Henry B. Smith, who will remain an AXIS board member.

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