Insurer launches nursing home professional liability line

Axis Capital Holdings Ltd. on Friday said Axis Healthcare has entered the nursing home professional liability market by bringing on underwriters Dave Stoner and Jason Correll.

Axis Healthcare is the division of Axis Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals and allied health care facilities.

Both executives join from Kansas City, Missouri-based Rockhill Insurance Group and are based in Cleveland. Previously, Mr. Stoner was vice president and Mr. Correll was assistant vice president, Axis said in a statement.

“This move marks Axis Healthcare’s entry into the aging services market, which we have long identified as a promising and growing segment for specialty insurers,” Peter Wilson, president of Axis Insurance’s U.S. operations, said in the statement.