Axis Capital announces leadership restructure

Axis Capital has announced a series of senior leadership changes within its global markets division.

Under the new structure, Sarah Stephen has been promoted to head of liability and will oversee the general liability and international casualty MGA teams, both based in London.

She will report to Dax Gulmohamed, who has expanded his responsibilities to include oversight of all global markets liability in addition to his role as chief executive at Axis Specialty Europe SE.

Meanwhile, Gulmohamed and John Owen, head of specialty, will now report to Rory MacGregor, head of underwriting for global markets.

And Raj Brar, formerly head of international casualty and construction MGA, has been promoted to head of construction for global markets. He succeeds Anna Woolley, who leaves the firm later this year to pursue new opportunities.

Axis Capital also said that the UK property binder team will now sit within the global markets property team led by Steve Cross.

Reason for moves

Axis Capital said it had made the organisational changes to further enhance underwriting and operational performance.

“As part of Axis Capital’s commitment to continual progress and leadership in specialty, we are aligning several of our global markets teams where we see clear pathways to work more collaboratively and effectively together,” added Sara Farrup, head of global markets.

“Doing so has created opportunities for promotion and expansion of responsibilities and demonstrates the underwriting and leadership acumen within our business.

“These actions and appointments help advance our strategic priorities and ability to best deliver for customers in a dynamic marketplace. By realigning talent in areas that will enhance collaboration and operational performance within global markets, we are progressing in our ambition to be a leader in our chosen specialty markets.”