AP NEWS

AXIS Insurance and DUAL North America to Partner on Multi-Product Environmental Risk Program

September 24, 2018

PEMBROKE, Bermuda--(BUSINESS WIRE)--Sep 24, 2018--AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS), today announced that it has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide a broad environmental risk product offering for contractors, consultants and engineers in the United States.

DUAL North America will operate as a managing general agent (MGA) on behalf of AXIS to distribute and underwrite a suite of multi-product environmental coverages. This will include providing small and mid-sized businesses with the flexibility and assurance they need when working on projects associated with the removal of underground storage tanks, abating asbestos and remediating contaminated soil, among other highly specialized environmental projects and services.

“As the environmental risk market grows, small and mid-sized businesses need versatile solutions to safeguard against pollution-related risks within the increasingly changing environmental landscape. DUAL North America is one of the leading MGAs in this market, and we are proud to partner with them to provide businesses, consultants and contractors with more flexible environmental coverages,” said Richard Zarandona, Executive Vice President of Design Professional, Environmental and Surety at AXIS Insurance.

“DUAL North America is delighted to partner with AXIS, one of the leading carrier partners within the environmental risks marketplace. The decades of collaborative underwriting experience of DUAL and AXIS yield a robust offering for wholesale trading partners within the environmental risk industry, while providing sophisticated coverages to insureds,” said Dean Cross, Executive Director of DUAL North America.

About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at June 30, 2018, of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

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About AXIS Insurance AXIS Insurance – the insurance business segment of AXIS Capital Holdings Limited (NYSE: AXS) – provides Property & Casualty, Professional Lines, Terrorism, Marine, Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance solutions. Our products are offered through our distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters (“MGAs”/”MGUs”) in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated “A+” (Strong) by Standard & Poor’s, and “A+” (Superior) by A.M. Best. For more information, visit our website at www.axiscapital.com/insurance.

About DUAL North America DUAL North America is a leading Specialty Program Manager in the Property & Casualty marketplace providing Property, Habitational, Specialty Property, Terrorism, Professional Liability, Environmental Liability, Energy, Contractors Liability Management Liability, Marine and Cyber coverages. DUAL North America is part of the DUAL Group, which is the world’s largest international underwriting agency and Lloyd’s largest international Coverholder. The DUAL Group has 36 offices in 17 countries.

DUAL Group is wholly owned by Hyperion Insurance Group. Hyperion is an international insurance group that consists of three key operating platforms: retail broking, wholesale broking and underwriting. The group has over 3,800 employees in 39 countries.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005273/en/

CONTACT: AXIS Capital Holdings Limited

Investors

Matt Rohrmann, 212-940-3339

investorrelations@axiscapital.com

or

Media

Keith Trivitt, 212-715-3557

keith.trivitt@axiscapital.com

KEYWORD: UNITED KINGDOM UNITED STATES BERMUDA EUROPE NORTH AMERICA CARIBBEAN

INDUSTRY KEYWORD: BUILDING SYSTEMS SMALL BUSINESS MANUFACTURING ENGINEERING PROFESSIONAL SERVICES LANDSCAPE CONSULTING FINANCE INSURANCE ENVIRONMENT CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: AXIS Insurance

Copyright Business Wire 2018.

PUB: 09/24/2018 08:30 AM/DISC: 09/24/2018 08:30 AM

http://www.businesswire.com/news/home/20180924005273/en

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