AXIS Capital names new CEOs for key European entities

AXIS Capital Holdings Restricted has introduced important management adjustments for its two key European entities, AXIS Specialty Europe SE (ASE) and AXIS Re SE (ARe), efficient Oct. 7. The appointments come as each entities endure management transitions involving longtime executives.

Dax Gulmohamed has been appointed as the brand new CEO of ASE, the place he’ll oversee the corporate and its branches in Belgium and the UK. With a profession at AXIS spanning over 20 years, together with his position as ASE’s chief underwriting officer from 2016 to 2024, Gulmohamed will relocate from London to Dublin for the place.

He takes over from Fintan Mullarkey, who’s stepping down after a 21-year tenure with AXIS, throughout which he performed a pivotal position in growing the corporate’s European platform.

“Fintan has been a extremely valued and trusted member of our European Management group for over 20 years; his diligence, technical experience and enterprise acumen have been key to the profitable development of our European Specialty Insurance coverage Enterprise. We want him each success in his future endeavors,” AXIS chief monetary officer Pete Vogt mentioned.

For Gulmohamed’s new position, he added, “A trusted and revered chief inside AXIS for greater than 20 years, Dax brings expansive specialty underwriting information and acumen, in addition to a deep understanding of the London market. We welcome him to this position.”

In a parallel transfer, John O’Neill has been appointed CEO of ARe, the place he’ll handle the Eire-based entity and its Zurich department. O’Neill will proceed in his present position as senior vice chairman of Life Reinsurance, wherein he has served since he joined AXIS in 2016.

A professional actuary and Fellow of the Society of Actuaries in Eire, O’Neill succeeds outgoing CEO Mark McCormick, who’s leaving AXIS after 14 years.

“Mark was instrumental in supporting the profitable execution of our repositioning as a specialist reinsurer and driving margin enlargement. We want him each success sooner or later,” AXIS Re CEO Ann Haugh mentioned.

“In John, we’ve got a worthy successor who brings in depth reinsurance experience garnered over an almost three-decade profession. We stay up for serving with John on this new position.”