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Global reinsurer AXIS Re has appointed a new senior vice president to its professional liability arm in the US.
Neil Monahan, who joins the firm from Swiss Re, will be responsible for leading the professional liability reinsurance underwriting business and will be based in the company’s New York office.
Previously serving as head of broker relations for Swiss Re’s professional liability lines, Monahan has more than 30 years of industry experience in insurance and reinsurance. He will report to Jon Colello, president and chief underwriting officer at AXIS Re US.
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“Neil’s hiring is an important step in solidifying AXIS Re’s leadership in professional liability reinsurance,” Colello said. “He has a broad range of experience in both medical and non-medical professional liability, which will help us grow this business and deepen our relationships with clients and partners in distribution.
“His appointment will enable AXIS Re to further deliver upon our promise of providing robust and agile solutions, backed by market-leading expertise and skilled underwriting, that help our clients effectively mitigate and transfer complex risks.”
Monahan began his insurance career at Cigna Special Risk Facilities, and later held senior underwriting roles at Reliance National and PMA Re. He earned both his MBA and Bachelor’s degrees from Drexel University, and is a Chartered Property and Casualty Underwriter, as well as a member of the Professional Liability Underwriting Society.
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