AXIS taps Arora as reinsurance CEO

AXIS taps Arora as reinsurance CEO | Insurance Business

AXIS taps Arora as reinsurance CEO
AXIS Capital Holdings has announced the appointment of Steve Arora as the chief executive officer of AXIS Re. Arora joins AXIS from Swiss Re, where he spent 18 years in various senior positions. He most recently served as Swiss Re’s head of casualty reinsurance and as a member of the company’s reinsurance executive committee.

In his new role, Arora will lead AXIS Capital’s $2.2-billion reinsurance business. He will sit on the company’s executive committee, and will report to AXIS Capital President and CEO Albert Benchimol.

“Steve is a remarkable talent and an accomplished and widely respected executive who stands at the forefront of an emerging generation of senior leaders in our profession,” Benchimol said. “He is perfectly suited to be CEO of AXIS Re, bringing breadth and depth of experience on a global scale and a client-centric mentality that matches our culture.”

“I am very excited to join AXIS,” Arora said. “I am impressed with the strong team and company culture and the value proposition, which combines the agility of a mid-sized company with the sophistication of a global player. This combination leads to a unique competitive advantage, which I am confident will translate to increased relevance and long-term profitable growth.”