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People Moves: Everest Re Promotes Moskowitz & Bell; AXIS Re Promotes Stirnemann, Janisch & Phillips; ArgoGlobal s Serra to Sompo
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Two climb Everest Re corporate ladder
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Jim Williamson to lead reinsurance division at Everest Re
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Mr. Williamson succeeds John Doucette, who is leaving the Company to pursue other opportunities.
The appointment of Mr. Williamson to lead Everest’s Reinsurance Division furthers the Company’s focus on profitably growing a balanced and diversified reinsurance and insurance portfolio, underpinned by relentless execution, to maximize shareholder returns and deliver superior earnings and book value per share growth over time.
Juan C. Andrade, Everest President and Chief Executive Officer commented:
“I am excited to have Jim take on the leadership of Everest Reinsurance. He is an experienced and talented executive with a wealth of industry knowledge, and a track record of driving results. This change will enable us to enhance our already strong underwriting and operational discipline.”
AXIS Capital Holdings Limited: Axis Capital Reports First Quarter Net Income Available to Common Shareholders of $116 Million, or $1.36 Per Diluted Common Share
Operating income of $83 million, or $0.97 per diluted common share
Improvement of 4.3 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year
Annualized return on average common equity ( ROACE ) of 9.9% and annualized operating ROACE of 7.1%
Book value per diluted common share of $53.03, an increase of $3.25, or 7%, compared to March 31, 2020
AXIS Capital Holdings Limited ( AXIS Capital or the Company ) (NYSE: AXS) today announced financial results for the first quarter ended March 31, 2021.
Commenting on the first quarter 2021 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: