AXIS Capital Holdings Limited ("AXIS" or “The Company”) (NYSE:AXS), today announced that the Company has promoted Dan Draper to the role of Group Chief Underwriting Officer. Mr. Draper, who is based in London and had previously served as Group Head of Underwriting, will report to President and CEO Albert Benchimol and join the Company’s executive committee.
“We have tremendous confidence in Dan – he is a proven leader within AXIS who has an established track record of partnering with the business to drive consistent improvement in portfolio quality and underwriting performance over the past several years,” said Mr. Benchimol. “This is all part of our broader strategy to advance our leadership in specialty, grow profitably with our partners, and deliver increased value to both our customers and shareholders.”
In his new role, Mr. Draper will guide the centralization of the Company’s underwriting analytics and support functions into a single division that he will oversee. In addition, Mr. Draper will partner with the Company’s underwriting divisions on portfolio strategy and governance including exposure management, as well as introducing greater innovation into products and services delivered to existing and new customer segments.
The appointment of a Group Chief Underwriting Officer was one of several actions the Company announced earlier this year to advance its position as a specialty leader.
Added Mr. Benchimol, “The introduction of the new Group Chief Underwriting Officer organization presents an opportunity for AXIS to be more agile, efficient, and connected in our approach to portfolio management, pricing, data and analytics.”
“I’m looking forward to partnering with the business to build on the significant progress that we’ve made to strengthen the Company’s portfolio and advance our leadership in specialty. I believe we’ve only begun to scratch the surface of what is possible for AXIS,” said Mr. Draper.
Mr. Draper had previously served for more than two years as Group Head of Underwriting at AXIS. Prior to that, he had been Group Chief Risk and Actuarial Officer at VIBE. Before joining VIBE, Mr. Draper spent eight years with AXIS, holding a number of leadership roles that included Group Chief Actuary, Chief Risk Analytics Officer, and Insurance Segment Chief Risk Officer. Before that, he held managerial positions at the Financial Services Authority, XL Capital, and EY.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $4.7 billion at June 30, 2022, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
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