AXIS poaches AXA XL and Securis leaders to boost ILS business

AXIS Capital Holdings has hired senior AXA XL and Securis executives as it looks to expand its recently rebranded insurance-linked securities (ILS) and third-party capital business unit  AXIS ILS.

Patrick Witteveen (pictured) and Kyle Freeman have joined as head of AXIS ILS business development, and head of ILS structuring property, respectively.

Witteveen will be responsible for leading the global business development for AXIS ILS, which includes sourcing new investors and managing existing relationships. While Freeman will be responsible for managing existing investor relationships and capital invested in property catastrophe sidecars, catastrophe bonds, joint ventures and other ILS structures.

Witteveen joins AXIS following over 20 years’ experience in business development, raising third-party capital assets and institutional sales, most recently as head of investor relations & business development at Securis Investment Partners. He will be based in Zurich, with his appointment effective February 1, 2022.

Freeman joins with experience in the ILS market, most recently as head of North America programmes pricing at AXA XL. He will operate from Boston, effective immediately.

“We’re delighted to expand the AXIS ILS team and welcome Patrick and Kyle,” said Chris Caponigro, global head of AXIS ILS. “With the addition of Patrick and Kyle, we are further enhancing our internal capabilities to service clients and investors and our presence in geographies that have a strong interest in ILS. We are confident in our positioning as we develop the next phase of the evolution of AXIS ILS.”

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