AXIS Starts American Health & Accident Division
Bermuda based [re]insurance company AXIS Capital Holdings Limited today [Mar 29] announced that it is now actively marketing accident and health insurance coverage in the United States.
Insurance products now available from AXIS Global Accident & Health include personal accident and business travel accident for employer groups, affinity groups and financial institutions, including banks, credit card issuers and credit unions. Related insurance programs, such as Student Accident and Sickness and Special Risks, including youth activities, day care and non-profit group will be available later in 2010.
The new coverage is being marketed through its new division Axis Global Accident & Health and is headed up by Chicago based James “Jay” Hamilton, who was recently named Chief Executive Officer, North America Accident & Health.
Shares in parent company Axis Capital rose 50 cents, or 1.6 percent, to $31.40 in Monday trading.
