Topic to regulatory approval, Owen will probably be answerable for AMA, which oversees the group’s Lloyd’s of London operation together with Syndicate 1686.
Owen has been with AXIS for 19 years in underwriting and management roles.
He served as marine and political dangers head till Could 2023 and is presently the worldwide markets speciality head.
Owen will now report back to AXIS international markets head Mark Gregory.
Gregory beforehand served as AMA’s CEO and can proceed to be a board member of AMA.
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Gregory mentioned: “John’s intensive underwriting and management expertise inside AXIS and the Lloyd’s market equip him very nicely for the administration and regulatory tasks of his new place as CEO of AXIS Managing Company.
“The depth of John’s market information, his expertise in underwriting throughout numerous speciality strains, and his robust relationships throughout the market will strongly help our efforts to raise AXIS as a number one speciality insurer and reinsurer.”
Earlier this yr, Axis Capital named Vincent Tizzio as its new president and CEO, changing Albert Benchimol.
The transfer was a part of Axis’s administration reshuffle, which was introduced in December 2022.
Working by way of its subsidiaries, AXIS Capital is a world supplier of insurance coverage and reinsurance options specialising in underwriting.