AXIS Capital Holdings has officially launched AXIS Wholesale, a new division dedicated to servicing the wholesale insurance market.
AXIS has operated in the wholesale space since its inception, but with this new dedicated wholesale division, the specialty lines insurer and reinsurer is “leaning into what [it does] best,” according to Carlton Maner who has been appointed as CEO, AXIS Wholesale, reporting directly to AXIS Specialty Insurance and Reinsurance CEO Vincent Tizzio.
“Through the new wholesale division, we’re introducing dedicated teams and resources focused specifically on the wholesale channel,” explained Maner, whose new role expands on his prior responsibilities as CEO, US Division. “This speaks to our ambition to grow profitably with our customers as we introduce new products and services designed directly to meet their needs.”
AXIS Wholesale will include the following existing business units: E&S Property; primary casualty & excess casualty; programs; design professionals & environmental; wholesale broker-produced commercial management solutions (CMS); and wholesale broker-produced financial institutions (FI). The unit will combine AXIS teams and personnel with new personnel dedicated to the Wholesale division and future products to be introduced in the months ahead.
“The creation of our dedicated wholesale division aligns directly with our company-wide focus on advancing our existing leadership position in specialty,” said Tizzio. “It reflects our deep commitment to the wholesale channel and our focus on delivering great service to our customers while enabling them to leverage the full strength and breadth of our global platform.”
In addition to Manner’s appointment as CEO, the following AXIS executives have been appointed to new roles: Doug Wordekemper, as AXIS Wholesale head of financial lines, reporting to Maner; Nathan Fisk, as AXIS Wholesale CMS unit leader; and Christina Geller, as AXIS Wholesale FI unit leader, both reporting to Wordekemper.
AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity of $4.7 billion at June 30, 2022, and locations in Bermuda, the United States, Europe, Singapore and Canada.