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Axis names management liability leader

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Pembroke, Bermuda-based Axis Capital Holdings Ltd. said that Mark Paccione has been appointed executive vice president of commercial management solutions for Axis Insurance Co.

Mr. Paccione, who is based in New York, reports directly to John Van Decker, president of North American professional lines for Axis Insurance, Axis Capital said Monday in a statement. He replaces Edward Talarico, who is no longer with Axis.

Axis Insurance's Commercial Management Solutions unit is a separate operating unit within the Insurance segment of Axis Capital specializing in commercial public and private directors & officers, employment practices, fiduciary liability and crime products.

He has more than 25 years of experience in the insurance industry, most recently serving as senior vice president with Axis Insurance, according to the statement.

“Mark is an experienced leader with a broad background and proven track record in professional liability insurance,” Mr. Van Decker said in the statement. “He brings a unique combination of management, underwriting and distribution knowledge necessary to navigate in a challenging market. We are confident in the strength and depth of the CMS team, and believe that under Mark's leadership, the team will continue to thrive.”