AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: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.
Copyright Business Wire 2014