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    Axis Reinsurance Oveview - Final

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    Axis Reinsurance Oveview - Final

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    462 views10 pages

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    axis reinsurance oveview--final

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    462 views10 pages

    Axis Reinsurance Oveview - Final

    Uploaded by

    api-252940667

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    AXIS Accident & Health

    Reinsurance Overview
    Presented to: Todd Grey and Kathy Barber The Hartford Life and Accident Insurance Company

    June 11, 2013

    AXIS Accident & Health

    AXIS Capital Overview


    Bermuda-domiciled Global Specialty Insurer and Reinsurer Founded in 2001; IPO in 2003; NYSE: AXS $5.1 billion common stock market value(1); Annual dividend yield = 2.8% Gross premiums written in 2012 of $4.1 billion

    Diversified Underwriting Portfolio


    2012 GPW by Segment and by Tail

    Strategic Global Presence


    30 offices on 5 continents Risk-bearing platforms in U.S., Bermuda and Europe, with international branches

    Strong Balance Sheet

    $5.8 Bn = Shareholders Equity $6.8 Bn = Total Capital

    44% 56%

    Insurance Reinsurance

    Financial Strength Ratings of A+ (S&P), A2 (Moodys) and A with positive outlook (A.M. Best) 1,100 employees as of 2/21/2013 Short-duration, high quality, highly liquid investment portfolio

    18%

    Short/Medium Tail Medium/Long Tail Long Tail

    29%

    55%

    Note: Balance sheet data as of December 31, 2012.


    (1) Based on fully diluted shares outstanding and 3/21/2013 closing price.

    AXIS Accident & Health

    Management Overview
    Albert Benchimol CEO and President
    Michael Butt Chairman

    To be updated

    Jack Gressier CEO Insurance

    Joseph Henry CFO

    Brian Goshen Chief Administrative Officer

    Jay Nichols CEO Reinsurance

    Michael Steel Chief Risk Officer

    Dennis Reding Chief Operating Officer

    Richard Gieryn General Counsel

    John Murray Chief Operations Officer

    Richard Strachan COO Insurance Michael Rutherford President, Credit & Political Risk Chris Gallagher Chief Risk Officer Insurance

    Dean Benner Chief Investment Officer Linda Ventresca EVP IR and CD

    Peter Martin Chief Actuary Reinsurance

    Robert Looney COO Reinsurance

    Christopher DiSipio CEO Accident & Health

    Koorosh Beigian Chief Information Officer

    Richard Milner President and CUO, AXIS Re Asia Pacific

    William Fischer CUO AXIS Re CEO, AXIS Re U.S. and AXIS Re Bermuda

    Gregory Springer EVP, Ceded Re

    Karl Mayr CEO AXIS Re Europe (1)

    (1) At year-end, Karl Mayr retires as CEO of AXIS Re Europe and assumes new role of Vice Chairman of AXIS Re.

    Stephan Knipper President AXIS Re Europe (2)

    (2) At year-end, Stephan Knipper assumes additional role of CEO of AXIS Re Europe.

    AXIS Accident & Health

    Establishing the Global Footprint


    We leveraged established AXIS infrastructure and intellectual capital to launch Accident & Health platform
    2001-2008 Q1 2009 Q1 2010 Q2 2010 Q3 2010 Q1 2011 Q4 2011 Q1 2012 Q4 2012 AXIS establishes global P&C platform AXIS strategic move into Accident & Health Recruitment Phase Launched US Reinsurance business in Princeton, NJ Launched US Insurance business in 5 locations Launched International Reinsurance business in London and Dublin Launched International Insurance business in UK Opened Continental European offices in France and Spain Opened Zurich Office Opened Singapore Office

    AXIS Accident & Health

    Global Reinsurance Team


    Chris DiSipio CEO Accident & Health Princeton 29 Years Experience
    Paul Chapman CEO International London 36 Years Exp. Rob Smart Reinsurance Mgr SVP London 20 Years Exp. Christof Dobless Underwriter VP Zurich 20 Years Exp. Cyril Caillo Business Dev. VP Madrid 15 Years Exp. Benjamin Derieux Business Dev VP Paris 15 Years Exp. Emmet Hiney Underwriter VP Dublin 23 Years Exp. Mark McCormick Actuary VP Dublin 10 Years Exp. Alun Crane Underwriter VP Dublin 15 Years Exp. Poh Chee Kok Business Dev SVP Singapore 20 Years Exp. Patrick Collins Chief Actuary Princeton 23 Years Exp. Jin Soo Shin VP & Actuary, Re Princeton 31 Years Exp. Rich Phillips SVP, CUO Princeton 30 Years Exp.

    Dan Bolgar CEO Reinsurance Minneapolis 18 Years Exp.

    Eoin Duggan Actuary AVP Dublin 5 Years Exp. Martin Siegwart Actuary AVP Zurich 8 Years Exp.

    Mike Pellino SVP, Program Manager Princeton 25 Years Exp.

    Howard Ehrlich VP, Claims Princeton 24 Years Exp.

    Neil Kurpiewski VP, Underwriting Princeton 11 years Exp Art Bocek VP, Underwriting Princeton 25 Years Exp. Mohsen Bidgoli Sr. Underwriter Princeton 32 Years Exp.

    Ken Olszewski Senior Claims Specialist Princeton 19 Years Exp.

    Vaibhavi Mehta Underwriter AVP Singapore 8 Years Exp.

    AXIS Accident & Health

    Global Reinsurance Value Proposition


    Dedicated global team comprised of well-known and regarded people Experienced carrier and broker backgrounds with deep product knowledge Technical ability to manage complex deals Market-leading capacity backed by AXIS Capital Strong financial investment Managerial commitment to dedicated global platform Innovative, flexible approach to finding solutions for reinsured companies Ability to develop new products and provide a broad base of services Consultative product development and underwriting support from experienced specialists Responsive and committed long-term partner High service standards - speed of response Proactive broker outreach with strong risk appetite Willingness to invest time to develop new programs Can offer flexible treaty terms and multi-year programs Growing, global physical footprint with excellent licensing Legacy-free technology development
    6

    Claims management and cost containment solutions

    AXIS Accident & Health

    An Underwriting-Driven Business
    AXIS A&H is built on the same foundational principles AXIS P&C Operations

    Risk Management Accumulation Management/CAT Modeling

    Portfolio Management Managed diversification Global Standards

    Underwriting Focused Risk taker, not marketer Peer Review

    Profit Driven Risk-adjusted returns

    AXIS Accident & Health

    US Reinsurance Coverage Accident


    Treaty or facultative coverage through excess of loss, quota share or aggregate structure Limits in excess of $50 million per occurrence and $5 million per person Accidental death, disability & dismemberment Business & leisure travel accident Accident carve-outs of life insurance Limited P&C personal lines with AD&D/ Travel Life, personal accident & medical catastrophic excess of loss up to $50M per occurrence
    (have offered lines up to $125M)

    Facultative concentration carve outs Credit card programs Accidental death benefit riders

    AXIS Accident & Health

    US Reinsurance Coverage Specialty Health


    Excess health reinsurance coverage can include unlimited per person coverage Coverage on a quota share or excess basis, for up to $5 million per person Critical Illness Accident medical Specialty health risks Program business
    Student accident College accident & sickness Involuntary unemployment

    Expatriate medical

    AXIS Accident & Health

    Renewal Discussion for July 1, 2013


    Your Current Reinsurance Program Does it continue to meet your Risk Management objectives? From a Risk Management perspective what PA exposures are a concern? State of the PA Reinsurance Market AXIS perspective Discuss . Possible enhancements to current program Possible alternative solutions.

    10

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