AXIS Capital Announces New President and CEO

AXIS Capital Holdings Limited (“AXIS Capital”) announced the appointment of Dr. Karl Mayr as president and CEO of AXIS Re Europe (“AXIS Re”).

Dr. Mayr will lead the AXIS Re underwriting team in developing and servicing our European reinsurance clients. This operation is subject to final regulatory approval and will be based in Continental Europe.

John Charman, AXIS Capital president and CEO said, “We are delighted that Karl has agreed to lead AXIS Re in Europe. This extraordinarily important market is undergoing both fundamental changes as well as a substantial re-alignment of strategic business partnerships. We will deliver to European clients a highly rated unencumbered balance sheet uniquely coupled with sustainable, dependable and proven underwriting skills. Michael Butt will also serve as chairman of Axis Re and we will be making further announcements as we put our senior European reinsurance management team in place this autumn.”