AXIS Capital mines rival Ascot in environmental push
AXIS Capital Holdings has tapped a senior Ascot executive to enhance its environmental liability offering in North America where the risk landscape continues to evolve and remain complex due to emerging liabilities and shifts in the regulatory environment.
The Bermuda-based re/insurer has appointed Eric Paglieri as head of environmental within the North America division. Based out of New York, Paglieri will report to Michael McKenna, head of North America at AXIS.
AXIS said Paglieri will lead the environmental underwriting team with a focus on elevating the AXIS specialty insurance offering in North America within its suite of environmental liability coverages designed for contractors, consultants, manufacturers, and commercial properties.
Paglieri has 15 years of underwriting experience with a deep knowledge of environmental risk, specialising in general liability, product liability, site pollution, and excess liability.
He joins AXIS from Ascot where he helped launch the environmental division in 2019. His responsibilities included leading both underwriting and operations teams. He developed a profitable, balanced risk portfolio while expanding national distribution relationships across the sector. Previously, he spent two years as a P&C producer with Program Brokerage Corp. (now known as Specialty Wholesale Insurance Solutions) placing various classes of business with a focus on NY construction.
McKenna said: “The environmental liability risk landscape continues to evolve and remain complex as new liabilities emerge and the regulatory environment in North America shifts. This complexity requires the long-term, disciplined underwriting approach and specialist risk knowledge that our Environmental team has demonstrated since its launch.
“As we continue to elevate our leadership in specialty insurance segments, I am delighted that Eric Paglieri has joined AXIS as North America’s head of environmental. Eric brings leadership, underwriting skills, and experience to help us deliver the tailored solutions that our partners and customers require in this ever-evolving risk landscape.”
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