Axis Capital Holdings Ltd has promoted Kyle Freeman to the post of head of Axis ILS.

Mr Freeman’s responsibilities will include overseeing the company’s activities related to third-party assets under management in support of its ambition to achieve specialty leadership.

He will report directly to Axis chief financial officer Peter Vogt, who said: “Kyle is a valued leader within the Axis organisation, who has extensive knowledge and experience in ILS, working with the investor community and creating alternative reinsurance structures.

“Further, he has a proven track record of innovation within our company, including most recently leading the Long Walk Re transaction, where Axis closed the market’s first 144A cyber catastrophe bond.

“We look forward to the continued development of our ILS initiatives under Kyle’s leadership, programmes that will be essential to Axis advancing its leadership position in specialty.”

Mr Freeman joined Axis in 2021 as head of ILS Structuring, Property, and was responsible for managing existing investor relationships as well as capital invested in property catastrophe sidecars, catastrophe bonds, joint ventures, and other ILS structures.

Before joining Axis, Mr Freeman served as head of North America Programs Pricing for Axa XL.

Before entering the corporate world, Mr Freeman served for seven years in the US Navy as a nuclear engineer and submarine officer.