AXIS Insurance coverage names new chief claims officer

AXIS Insurance coverage – an AXIS Capital Holdings division – has revealed the appointment of chief claims officer Michael Baumel.

Baumel succeeds David Hayward, who will retire in March 2020. Following a six-month transition interval, Baumel will assume the chief claims officer position and be part of the corporate’s management crew, reporting on to AXIS Insurance coverage CEO Peter Wilson.

Baumel has been with AXIS for over 4 years, serving as head of North American claims and dealing instantly with Hayward. He has held a number of management roles in claims and underwriting, in each the US and in Europe, together with as senior vice-president of extra casualty claims at ACE and a number of claims vice-president positions at CNA. Baumel started his insurance coverage profession at GE in 1999, initially serving as a worldwide claims particular companies chief and previous to becoming a member of the insurance coverage business he practiced regulation in Chicago for 10 years – largely as a public prosecutor. He graduated from DePaul School of Regulation in 1989.

Hayward retires from AXIS Insurance coverage after a profession that spans greater than 30 years – 17 of which had been spent with AXIS. A launch stated that Hayward was instrumental in creating the corporate’s critically acclaimed world claims administration operate.

“Dave’s contributions to AXIS can’t be understated. He has performed a basic position in shaping our claims administration technique and he conceptualized and applied lots of the approaches which have helped us set up a claims operate that’s widely known as top-of-the-line within the specialty insurance coverage business,” stated AXIS Insurance coverage CEO Peter Wilson.

In a press release, Hayward talked about that whereas his retirement is a bittersweet second for him, he departs figuring out that he’s leaving his place in Baumel’s succesful palms.

“We’ve an incredible claims crew, and I take nice pleasure within the work that we’ve performed to construct a number one claims operate. I sit up for seeing the follow proceed to flourish below Mike’s management,” he stated.