Axis Capital Holdings Ltd., the Bermuda-primarily based
insurer and reinsurer, promoted John “Jack” Gressier to leader running officer,
changing Dennis Reding, who’s retiring from the post at sixty five.
Gressier, 46, has labored at Axis for a dozen years, maximum
these days as leader government officer of Axis coverage, the organization
stated today in a assertion. Peter Wilson, fifty four, who presently runs the
U.S. insurance operation, will tackle Gressier’s old role.
CEO Albert Benchimol is increasing in groups which include health-care
liability, climate and commodities markets, as well as coincidence-and-health
insurance. The primary insurance operation accounted for $2.6 billion of gross
premiums closing year, while the reinsurance enterprise contributed $2.1
billion, Axis stated remaining month.
“It’s truely the subsequent step of the agency, that is
diversifying growth,” Benchimol said in a cellphone interview. “certainly one
of Jack’s strengths is international, and a first-rate opportunity for increase
is the global markets, each with the coverage department and with accident and
fitness.”
Gressier takes the new position on April 1. He’ll be
accountable for the global coverage operation and the coincidence and health
enterprise, Axis stated. He’ll continue to be primarily based in London
and document to Benchimol.
Wilson might be
primarily based in big apple and document to Gressier. He’ll be liable for the
assets and casualty coverage operation, Axis stated. Wilson
joined in can also 2013 from CNA monetary Corp., in which he became president
of the specialty coverage business.
Reding joined Axis in 2002 and will live on as a senior
adviser and member of the govt committee, in line with the assertion.
Axis superior 11 percentage inside the 12 months via the
previous day in big apple buying and selling. Validus Holdings Ltd. is up 0.4
percent within the period, even as Ace Ltd. gained 12 percentage.
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