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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