Former Axa head to lead Watford Specialty

Alexandre Scherer, former CEO and president of Axa Insurance
Company, will lead the newly established Watford Specialty
Insurance Company (WSIC).
As reported by sister title Reactions, hedge fund
reinsurer Watford Re has brought in the ex head of Axa's US arm
to lead its new US excess and surplus lines operation.
Scherer was at Axa until March last year.
Earlier this week (28 March), AM Best gave the New Jersey-based
WSIC a financial strength rating of A- (excellent) and an...