Axis Capital Secures Approval to Launch Lloyd’s Managing Agency

Axis Capital Holdings has received final authorization from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for its own Lloyd’s managing agent, AXIS Managing Agency Limited.

AXIS Managing Agency will assume management of AXIS Syndicate 1686 at Lloyd’s effective Aug. 4, replacing the company’s third-party managing agency agreement with Asta Managing Agency Limited, which had been in place since 2014. “This is a significant milestone for AXIS,” said Mark Gregory, CEO of AXIS Managing Agency. “It brings us closer to Lloyd’s and its influential community of brokers, while also allowing us to deliver broader strategic value to our customers.”

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