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AXIS Capital forms Miami-based unit

AXIS Capital Holdings Ltd. formed Miami-based unit, AXIS Specialty Underwriters Inc., to operate as the company's Latin American and Caribbean regional cover holder for AXIS Syndicate 1686.

AXIS Capital appointed former Marsh & McLennan Cos. Inc. executive, Eduardo Hussey, chief underwriting officer of Latin America and Caribbean to lead the newly formed unit.

AXIS Specialty will operate within AXIS Insurance's international division and will provide direct and facultative reinsurance coverage to the Latin American and Caribbean market.