AXIS is paying the departing CEO of AXIS accident & health (A&H), Christopher DiSipio, a severance payment of $1.8 million.
DiSipio will be leaving the company effective April 1, 2018, amidst a reorganisation of the business.
AXIS is merging the A&H business into its core insurance and reinsurance segments. The move is expected to deliver synergies in combination with AXIS’ property/casualty (P&C) insurance and reinsurance businesses.
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24 January 2018 Christopher DiSipio, CEO of AXIS accident & health (A&H), will be leaving AXIS as the Bermuda-based specialty re/insurer reorganises the business.