PEMBROKE, Bermuda & NEW YORK--(BUSINESS WIRE)--AXIS Re, a business segment of AXIS Capital Holdings Limited (NYSE:AXS), announced today the appointment of Neil Monahan as Senior Vice President, Professional Liability. Mr. Monahan will be responsible for leading AXIS Re’s Professional Liability reinsurance underwriting business in the U.S. and will report to Jon Colello, President and Chief Underwriting Officer, U.S., AXIS Re. He will be based out of AXIS’ New York office.

“Neil’s hiring is an important step in solidifying AXIS Re’s leadership in Professional Liability reinsurance,” said Mr. Colello. “He has a broad range of experience in both medical and non-medical Professional Liability, which will help us grow this business and deepen our relationships with clients and partners in distribution. His appointment will enable AXIS Re to further deliver upon our promise of providing robust and agile solutions, backed by market-leading expertise and skilled underwriting, that help our clients effectively mitigate and transfer complex risks.”

Mr. Monahan joins AXIS with more than 30 years of (re)insurance industry experience. Prior to AXIS, he was Head of Broker Relations, Professional Liability Lines, at Swiss Re. Mr. Monahan began his (re)insurance career at Cigna Special Risk Facilities and later held senior underwriting roles at Reliance National and PMA Re.

Mr. Monahan is a Chartered Property and Casualty Underwriter and is a member of the Professional Liability Underwriting Society. He earned both his MBA and Bachelor’s degrees from Drexel University.

About AXIS Capital

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, 2017 of $5.9 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada 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. For more information about AXIS Capital, visit our website at www.axiscapital.com. Follow AXIS Capital on LinkedIn and Twitter.

About AXIS Re

AXIS Re — a business segment of AXIS Capital Holdings Limited (NYSE:AXS) — provides reinsurance to insurance companies on a worldwide basis, comprising catastrophe, property, professional lines, credit and surety, motor, general liability, engineering, marine, workers’ compensation and agriculture, as well as other highly specialized risk transfer solutions. For more information about AXIS Re, please visit www.axiscapital.com/en-us/reinsurance.