AXIS Insurance, the speciality insurance arm of AXIS Capital, has decided to merge its corporate accident and supplemental health benefits businesses.
The combined entity will operate under the AXIS Group Benefits brand name and will be managed by a newly expanded team.
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Ternian Insurance Group, which was acquired by AXIS in 2014, will be rebranding to AXIS Group Benefits LLC as part of the transition.
AXIS said the new entity will continue to operate as a specialist MGU out of its principal office in Phoenix, Arizona, with no change to existing customers.
The new team will sit within AXIS Accident & Health division and offer new products and services to distribution partners and customers.
Ternian Insurance Group head Doug Hayes will lead the merged entity. He will continue to work under AXIS global head of accident and health James Hamilton, the company said.
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By GlobalDataHamilton said: “As the benefits and corporate accident landscape continues to evolve, AXIS Group Benefits will provide brokers and policyholders with customer-centric solutions and outstanding levels of service through a growing suite of products and services – all backed by the security of an A rated global carrier.
“The combined strength and expertise of the team under Doug’s leadership, gives us a strong platform to help us identify new opportunities and grow as we look to expand our footprint in the employer and association benefits space.”
Recently, AXIS Capital launched a portfolio underwriting, which is aimed at the multi-class portfolio business placed in the London speciality market.
