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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Hamilton 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.