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AXIS Global Accident & Health Names Alfred Drowne to Lead Insurance Expansion into Mass Market Segments

^{Published on 2010-06-28 13:10:57 - Market Wire}
 

PRINCETON, N.J.--([ BUSINESS WIRE ])--AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited (NYSE: AXS or athe Companya), today announced that Alfred Drowne has joined the Company as Senior Vice President, Business Development. Based in New York, Al is responsible for leading AXIS Global Accident & Healtha™s initiatives to expand its distribution and product offering of Accident, Travel, Supplemental Health and related products and services across mass marketing channels. These channels include financial institutions, associations, affinity groups and mass market segments.

"He understands the unique underwriting, marketing and distribution needs of the affinity segment. His approach is consistent with our focus on innovation."

Before joining the Company, Al served as a Vice President at Chubb & Son, where he held leadership roles in its U.S. Group Benefits operation, U.S. Consumer Solutions, and Financial Institutions businesses. During his 10 years at Chubb & Son, Al is credited for supporting its market entry into India, as well as the market repositioning and growth of its business in the Brazilian market.

aAl is a progressive thinker,a said Chris DiSipio, Chief Executive Officer and President, AXIS Global Accident & Health. aHe understands the unique underwriting, marketing and distribution needs of the affinity segment. His approach is consistent with our focus on innovation.a

Prior to joining Chubb, Al held leadership positions at CNA Financial Corp and Hartford Property and Casualty, and served for several years in various field, corporate agency and marketing roles at other companies. Al, who holds a Masters degree from the New York Institute of Technology, is an active member in the Professional Insurance Marketing Association (PIMA) and was tri-chair of the 2009 summer conference.

About AXIS Global Accident & Health

With worldwide headquarters in Princeton, NJ, AXIS Global Accident & Health offers accident and health insurance and reinsurance coverages for employers, affinity groups, financial institutions and other customers through insurance carriers, managing general underwriters, brokers, third party administrators, and other key distributors. AXIS Global Accident & Health has a significant capacity for underwriting global reinsurance risks for accident and health insurance carriers.

AXIS Global Accident & Health offers a fresh, modern alternative to traditional insurance carriers. Our disciplined and innovative product development process delivers customized, flexible accident and health products to the global market. AXIS Global Accident & Health continually explores opportunities for strategic partnerships and growth. For more information, please visit [ www.AXISCapital.com/accident ].

About AXIS Capital Holdings Limited

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholdersa™ equity at March 31, 2010 of $5.4 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of aA+a (aStronga) by Standard & Poora™s and aAa (aExcellenta) by A.M. Best. AXIS Capital has been assigned a senior unsecured debt rating of A- (stable) by Standard & Poora™s and Baa1 (stable) by Moodya™s Investors Service. For more information about AXIS Capital, visit our website at [ www.axiscapital.com ].