Sunday, September 18, 2016

ACE institution Appoints Wixtead to go Tempest Re; O’Donnell for Tempest Re united states of america



The ACE group has appointed James Wixtead as Sr. vp, ACE institution, and President of ACE Tempest Re institution, the corporation’s worldwide reinsurance commercial enterprise. He currently serves as department President of ACE Tempest Re america. Wixtead will succeed Jacques Bonneau, who became formerly named ACE group executive vice chairman, worldwide Underwriting (see related article).
Wixtead will count on his new role on July 1, simultaneously with Bonneau moving to his put up as head of world underwriting. Wixtead will be answerable for leading the corporation’s international reinsurance commercial enterprise operations, which give a huge variety of conventional and uniqueness reinsurance merchandise to a various array of number one assets and casualty coverage businesses.
ACE Tempest Re institution has nearby headquarters in Bermuda, London, Sao Paulo, Stamford, Toronto and Zurich and also conducts operations in China and Brazil through Lloyd’s.
Wixtead will report to ACE organization Chairman and CEO Evan G. Greenberg, who stated that he has “known and labored with Jim for over 10 years, i have witnessed his underwriting area and i have watched him grow and become a exquisite govt. With extra than 25 years of reinsurance industry experience, Jim has accomplished an super job main ACE’s North American reinsurance business and has earned this nicely-deserved promotion. i've every self assurance in his skills to maintain ACE Tempest Re’s document of excellence.”
The employer additionally announced that Michael O’Donnell has been appointed department President, ACE Tempest Re u.s., succeeding Wixtead. He currently serves as Sr. vice chairman, answerable for ACE Tempest Re u.s.’s people reimbursement and alternative risk enterprise gadgets as well as oversight of its claims operations. O’Donnell will lead ACE’s reinsurance commercial enterprise within the america, reporting to Wixtead.

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