AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today
announced that Jack Gressier, Chief Operating Officer, has provided
notice of retirement effective June 30th, 2015, so that he
may spend more time with his family.
Effective immediately, Mr. Gressier’s current responsibilities will be
distributed among Peter Wilson, Chief Executive Officer of AXIS
Insurance; Christopher DiSipio, Chief Executive Officer of AXIS Accident
& Health; and Richard Strachan, Chief Operations Officer. Messrs. Wilson
and DiSipio will now report directly to Albert Benchimol, President and
CEO of AXIS Capital. Mr. Strachan will assume responsibility for both
ceded reinsurance and broker relationship management, and he will
continue to report to Mr. Benchimol. The Company does not intend to
replace Mr. Gressier.
“We sincerely thank Jack for his 12 years of service to the Company,”
said Albert Benchimol. “Jack has been a big part of our success as a
company from our early years as a startup and through our growth into a
leading specialty insurer today. On behalf of AXIS Capital, I express
our deep gratitude for Jack’s hard work and dedication, and wish him all
the best in the future.”
“For the past 12 years, I have been a part of AXIS’s transformation from
a small Bermuda specialty company into a highly respected and strong
global insurance and reinsurance company,” said Jack Gressier. “I am
very proud to have been a part of that success and a member of a truly
outstanding team. My time at AXIS has been incredibly rewarding, but it
is now time for me to step back and retire to spend more time with my
family.”
Mr. Benchimol concluded, “Looking forward, we have seasoned executives
at the helm of AXIS Insurance and AXIS Accident & Health, and both
remain well positioned to contribute strongly to the Company’s overall
operating and underwriting results. These units and their talented teams
of employees have a bright future.”
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with shareholders’ equity attributable
to AXIS Capital at March 31, 2014 of $5.8 billion and locations in
Bermuda, the United States, Europe, Singapore, Canada, Australia and
Latin America. Its operating subsidiaries have been assigned a rating of
“A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best.
For more information about AXIS Capital, visit our website at www.axiscapital.com.
Copyright Business Wire 2014