AXIS Insurance enters pet insurance market with Petplan
AXIS Insurance, the specialty insurance business segment of AXIS Capital, has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing general underwriter Petplan. AXIS Insurance will provide underwriting capacity for comprehensive pet insurance policies for dogs and cats in the U.S. and Canada.
Petplan Insurance is the fourth largest MGU in the U.S. and Canada dedicated to pet insurance, providing insurance coverage to over 280,000 pets. On its site, Petplan also lists XL Specialty Insurance Company and XL Specialty Insurance Company as underwriters in the U.S. and Canada, respectively.
“Our relationship with Petplan is an exciting way for us to enter the North American pet insurance marketplace and an area of insurance that complements our existing global Accident and Health portfolio.” – James Hamilton, global head of Accident and Health for AXIS Insurance.
“For over 15 years, our passion at Petplan has been helping pets live long, vibrant lives. Given our growth over the last few years, expanding our underwriting capabilities with a partner like AXIS Insurance makes sense. Together, we look forward to bringing our industry-leading coverage to even more pet parents across North America.” – Paul Guyardo, president and CEO for Petplan.