AXIS Reinsurance Gets Nod for Canada Business

AXIS Capital Holdings Limited announced that AXIS Reinsurance Company, one of its U.S. operating subsidiaries, has been authorized by the Office of the Superintendent of Financial Institutions Canada (“OSFI”) to operate as a branch insurer underwriting property and casualty insurance and reinsurance business in Canada.

Dennis Reding, COO of AXIS Capital, commented: “We are looking forward to bringing our specialized capabilities in both insurance and reinsurance to bear as we establish our branch in Canada. This branch will be instrumental in advancing our long-term commitment to provide customized coverage solutions for both local and multinational clients.”

For further information on the new operations, e-mail: darin.scanzano@axiscapital.com