AXIS Insurance Establishes Healthcare Liability Insurance Unit

Business Wire

PEMBROKE, Bermuda--(BUSINESS WIRE)--

AXIS Capital Holdings Limited (“AXIS Capital”) (AXS) today announced that AXIS Insurance has formed a Healthcare unit that will focus on providing professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians. Kimber Lantry, who recently joined AXIS Insurance as an Executive Vice President, will lead the unit. Mr. Lantry will be based in Northern California.

Commenting on the announcement, Peter Wilson, President of AXIS Insurance’s U.S. operations, said, “We believe the healthcare industry represents an attractive and highly complementary business opportunity for AXIS Insurance to bring to bear its specialty underwriting expertise, service capabilities and capital strength. We are very pleased that Kimber Lantry, a seasoned industry veteran with more than 37 years of professional liability experience and 20 years directing healthcare insurance operations, has joined us to lead this new initiative. We look forward to the contributions of Kimber and his team in developing a world-class Healthcare Professional Liability unit at AXIS Insurance. In line with our commitment to this specialty line, we expect to add to the founding team as the business develops.”

Mr. Lantry joins AXIS Insurance from the Hudson Insurance Group where he directed healthcare insurance operations since 1997. Prior to Hudson, he had a similar role at Firemen’s Fund. He also formerly held positions at The Doctors’ Company, NORCAL Mutual, Marsh and McLennan and the captive insurance company for the Adventist Health System.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at September 30, 2013 of $5.8 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s Investors Service. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Contact:
Investor:
AXIS Capital Holdings Limited
Linda Ventresca, 441-405-2727
info@axiscapital.com
or
Media:
Kekst and Company
Michael Herley, 212-521-4897
michael-herley@kekst.com
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