AXIS nabs Liberty Mutual talent to lead expansion into environmental liability
Bermuda-based AXIS Capital Holdings has expanded its suite of specialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance unit, which will be led by a senior hire from Liberty Mutual.
Ludwig Nagata has joined AXIS as assistant vice president, environmental, Canada.
Starting the second quarter, AXIS Canada will provide EIL coverages, specifically targeting contractors’ pollution liability, pollution legal liability, and follow-form environmental business.
Nagata brings 20 years of environmental underwriting and business leadership experience to AXIS. For the past 12 years, Nagata led an environmental underwriting team at Liberty Mutual. He will be based in Toronto with a national focus. Nagata will report to Andrew Johnson, chief underwriting officer for casualty and programmes in Canada.
AXIS said its expansion into EIL in Canada is supported by the existing environmental team in the US.
“Launching Environmental Impairment Liability insurance in Canada speaks to our commitment at AXIS to elevate our specialty product suite to our brokers and customers,” said Johnson. “Ludwig has exceptional knowledge of the EIL landscape and deep relationships in the Canadian insurance industry. In leading our new offering, he will be an essential member of our team as we strive to be our broker partners’ number one carrier in this dynamic risk environment.”
Nagata added: “The addition of EIL to our portfolio of insurance products will elevate and diversify AXIS Canada’s offering and provides policyholders with the option to further enhance their overall risk management strategy through our suite of complementary products.”
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