Axis Capital Holdings Ltd has launched Axis Capacity Solutions, a new business unit dedicated to developing and supporting structured, multiline portfolio capacity deals on both a facilitated and delegated basis.

The company has appointed David Murie to the newly created role of head of Axis Capacity Solutions, where he will report to Axis Group chief underwriting officer Dan Draper and be based out of the company’s London office.

Vince Tizzio, president and CEO of Axis, commented: “The creation of Axis Capacity Solutions is designed to support our distribution partners while directly addressing an increasing trend across the global specialty insurance market.

“Multiline facilities are growing at a faster pace than the broader insurance market, reflecting a widening market share being placed through these structures, a trend that we expect will only increase.”

Mr Draper added: “Through Axis Capacity Solutions, we will work in tandem with our strategic partners to develop and source multiline portfolio structures at scale, leveraging our expertise and global underwriting platform including our licensing footprint at Lloyd’s.

“In David, we have an excellent leader to guide Axis Capacity Solutions who brings a strong mix of experience spanning underwriting portfolio management, strategic sourcing and deal structuring, and regulatory and compliance acumen.”

Mr Murie, a chartered accountant for more than 15 years, has served as global head of Underwriting Governance & Execution and chief of staff to the group CUO at Axis; head of Business Performance – Axis International Insurance (now Global Markets); and head of Financial Planning and Analysis – Axis International Insurance. Before Axis, his experience included managerial roles at Aviva.