AXIS Capital Appoints Industry Veteran Peter Wilson as EVP and President of U.S. Insurance
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today
announced the appointment of Peter Wilson, an insurance executive with
three decades of industry experience, as its President of U.S.
Insurance. At AXIS, Mr. Wilson will be responsible for the management of
all of the Company’s U.S. Insurance operations, including the
Professional Lines and Property and Casualty Divisions. Mr. Wilson will
join AXIS in May and will be based in the Company’s New York office
reporting to AXIS Insurance CEO, Jack Gressier.
Most recently, Mr. Wilson served as President and Chief Operating
Officer for CNA Specialty, a unit of CNA Financial Corporation, which is
focused on professional and management liability, healthcare, surety and
other specialized insurance products and services. During his over
20-year tenure with CNA Financial Corporation, Mr. Wilson served in a
number of leadership positions and had management responsibility for a
diverse group of business units operating both in the U.S. and
internationally. At the time of his departure from CNA, the Specialty
Lines operation produced annual net premiums of $3 Billion. Prior to
CNA, he served as an Executive Vice President at AIG, where he managed
AIG’s commercial public D&O business in the U.S.
Jack Gressier, Chief Executive Officer of AXIS Insurance, commented on
Mr. Wilson’s appointment, stating, “Peter is a seasoned executive with a
depth and breadth of experience and a reputation for driving profitable
growth that can only come from decades of working at the highest levels
of our industry. He is known for his ability to build and motivate
highly integrated teams, and for his effective leadership of these
teams. I speak for our entire company in welcoming him to the AXIS team.”
Mr. Wilson also commented on his new appointment, stating, “I’m very
happy to be joining the team at AXIS. Like many in the field, I have
watched the company grow in size and expertise, as they have
strategically assembled an enviable team of executives. I look forward
to working with the Insurance team as we continue to expand the AXIS
Insurance franchise.”
Mr. Wilson attended Syracuse University as an undergraduate, where he
received a Bachelor of Arts in Economics. Additionally, Mr.
Wilson completed the Advanced Executive Program at The Wharton School in
Philadelphia, PA. He has formerly served as President of the
Professional Liability Underwriting Society (PLUS), and President of the
PLUS foundation.
AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with shareholders’ equity at December
31, 2012 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” (“Excellent”) with a positive outlook 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.
