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Pembroke, Bermuda-based Axis Capital Holdings Ltd. has launched Axis Wholesale to focus on growth in the wholesale market.
The new division is led by CEO Carlton Maner, who reports directly to Axis Specialty Insurance and Reinsurance CEO Vincent Tizzio, the company said in a Thursday statement. Mr. Maner also retains his prior responsibilities as CEO, U.S. Division.
The wholesale division will be comprised of units for excess and surplus property; primary casualty and excess casualty; programs; design professionals and environmental; and wholesale broker-produced commercial management solutions and financial institutions coverages.
Several Axis executives have been appointed to new wholesale roles including Doug Wordekemper, as Axis wholesale head of financial lines, reporting to Mr. Maner; Nathan Fisk, as Axis wholesale commercial management solutions unit leader, reporting to Mr. Wordekemper; and Christina Geller, as Axis wholesale financial institutions unit leader, also reporting to Mr. Wordekemper.
Mr. Maner said in the statement that the new division will have teams and resources focused specifically on the wholesale channel.
Mr. Tizzio said in the statement the new wholesale unit will bolster Axis’ position in the specialty markets.