"Dan is an experienced leader inside AXIS who has an established track record of partnering with the business to deliver sustained progress in portfolio quality and underwriting performance over the past many years," Benchimol said. "We have immense trust in Dan." "This is all a part of our larger goal to expand our leadership in specialized, grow financially with our partners, and create increased value to both our customers and our shareholders," the statement reads.

In his new position, Draper will be in charge of directing the consolidation of AXIS Capital's underwriting analytics and support services into a single division, which he will also be in charge of supervising. In addition to this, he will collaborate with the underwriting divisions of the organization on portfolio strategy and governance, which will include exposure management, and will also be responsible for driving innovation in products and services for clients.

The appointment was only one of the recent moves that the corporation said they would be doing.

Benchimol stated that with the implementation of the new group chief underwriting officer organization, AXIS will have the chance to become more nimble, efficient, and linked in our approach to portfolio management, pricing, data, and analytics.

Draper stated that he was looking forward to working with the company to "build on the substantial success that we've made to enhance the company's portfolio and advance our leadership in specialty." "I feel that we have really just begun to touch the surface of what is feasible for AXIS."

Draper had been serving as the group head of underwriting for more than two years before he was promoted to his current position. Prior to that position, he had been working at VIBE as the group chief risk and actuarial officer. Draper worked for AXIS for a total of eight years, during which time he held a variety of leadership positions. Additionally, he has served in managerial capacities at XL Capital and EY, in addition to the Financial Services Authority.