“We at Axon Crisis Management are excited to obtain the renewal rights for contaminated products and consumer products recall insurance policies previously underwritten by AGCS in the United States,” said Alex Pittignano, senior vice president at Axon. “Our staff of experienced recall underwriters is prepared to ensure a smooth renewal for clients during this transition.”
Axon expanded its suite of specialized insurance products in January with the addition of underwriting capabilities to offer contaminated product recall, consumer goods product recall, and restaurant foodborne illness and contamination insurance. All three will be underwritten on a non-admitted basis in partnership with the E&S and specialty companies of Nationwide. They will offer a capacity of $10 million.
“Companies that choose to renew with Axon will benefit not only from an overall smooth transition, including the knowledge of their renewals by the Axon underwriters, but also from Axon’s best-in-class underwriting capabilities, dedicated claims handling, and very solid financial strength,” said Marcos Garcia Norris, senior vice president at Axon. “For Axon, this opportunity helps further position us as a leading crisis-management insurance company and supports our strategy of expanding our customer base in the US.”
