AXIS Accident & Health Names Richard Phillips as Senior Vice President, Chief Underwriting Officer, North American Reinsurance

Princeton, NJ  (Profitable.com)  AXIS Accident & Health, a division of AXIS Capital Holdings Limited (NYSE: AXS), today announced the appointment of Richard Phillips as Senior Vice President, Chief Underwriting Officer of its North American Reinsurance Division. Reporting to Dan Bolgar, CEO – Reinsurance, AXIS Accident & Health, Mr. Phillips will be based in Princeton, NJ.

With nearly 29 years of industry experience, Mr. Phillips was most recently President of Munich Health North America Inc.’s Reinsurance Division, where he was responsible for the management of Munich Health’s US health reinsurance business. At AXIS Accident & Health, the reinsurance underwriting staff will report to Mr. Phillips, who will also work closely with the business’s actuarial team.

“As a well-known and widely respected professional within the accident and health reinsurance industry, Rich has a proven ability to oversee the profitable growth of a significant portfolio,” said Mr. Bolgar. “He will lead our efforts to continue developing innovative approaches in the highly dynamic US health reinsurance sector.”

Mr. Phillips received his Bachelor of Arts in Mathematics from Rutgers University in New Brunswick, NJ. Additionally, he is a member of the American Academy of Actuaries (MAAA) and a Fellow of the Society of Actuaries (FSA).

AXIS Accident & Health offers accident and health insurance and reinsurance coverage for employers, affinity groups, schools, financial institutions and other customers through managing general underwriters, brokers, third party administrators, and other key distributors. With significant capacity for underwriting global reinsurance risks for accident and health insurance carriers, AXIS Accident & Health has offices in Princeton, New Jersey; Chicago, Illinois; St. Paul, Minnesota; London, England; Barcelona, Spain; Madrid, Spain; Paris, France; Dublin, Ireland; Zurich, Switzerland, and Singapore. For more information, please visit www.AXISaccidenthealth.com.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at March 31, 2013 of $5.9 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.