PriyaPatel
TLDR:
– AXIS Canada appoints Ludwig Nagata as Assistant Vice President, Environmental, Canada to lead expansion into Canadian Environmental Impairment Liability insurance market
– Nagata brings two decades of experience in environmental underwriting and business leadership, previously at Liberty Mutual
In a strategic move, AXIS Capital Holdings Limited has announced the establishment of a Canadian Environmental Impairment Liability (EIL) insurance unit in North America, with Ludwig Nagata being appointed as Assistant Vice President, Environmental, Canada to lead the initiative. Nagata, who brings extensive experience in environmental underwriting and business leadership, will focus on providing EIL coverages tailored to address contractors’ pollution liability, pollution legal liability, and follow-form environmental business starting from Q2 2024. This expansion will further enhance AXIS Canada’s product suite and complement its existing offerings, with Nagata reporting directly to Andrew Johnson, Chief Underwriting Officer for Casualty and Programs in Canada. The move is seen as a commitment from AXIS to elevate its specialty product suite to brokers and customers in the Canadian market.
Andrew Johnson expressed confidence in this strategic move, highlighting Nagata’s knowledge of the EIL landscape and relationships in the Canadian insurance industry as key assets in leading the new offering. Nagata also emphasized the significance of the expansion, stating that it will diversify AXIS Canada’s offering and provide policyholders with the option to enhance their risk management strategy through complementary products. Backed by AXIS’s established Environmental team in the US, the expansion into the Canadian EIL market demonstrates a seamless integration of expertise and resources across borders.
