AXIS Capital global markets head to retire

AXIS Capital has named a Chubb executive to replace long-time head of global markets Mark Gregory. 

Sarah Mitchell, currently divisional president of Continental Europe and MENA, will succeed Gregory in January, 2025. 

Gregory’s career spanned five decades in the industry including 15 years with AXIS. During his time with Bermuda-based AXIS, he has been instrumental in helping grow the Company’s global presence as a specialty insurance leader, AXIS said. 

 Mitchel will join the company on November 25 as strategic advisor to the head of global markets and will be a member of the company’s executive committee. Mitchell, who will be based in London, will assume the role of head of global markets on January 1 and will report to AXIS president and CEO Vince Tizzio.

 “We are grateful to Mark for his tremendous leadership and years of service to AXIS. He has played a crucial role in helping elevate AXIS as a global specialty leader,” said Tizzio. “Under his guidance, we achieved a number of important milestones including the establishment of the AXIS Managing Agency at Lloyd’s with Mark serving as its first CEO, launch of AXIS Energy Transition Syndicate 2050, effective integration of Novae into AXIS, and establishment of AXIS as a top ten player at Lloyd’s by capacity, with recognition as an outperforming syndicate.”

Gregory joined AXIS in January of 2010 as CEO of its International Division and is a member of the Company’s Executive Committee in his current role as head of global markets, where he has led the division since its formation. Prior to AXIS, he spent 15 years at Marsh where he held a series of leadership positions including CEO roles for both Bowring Marsh and Marsh Global Markets. He started his insurance career with Sedgwick Group in 1980. In addition, Gregory has served on the Boards of both the International Underwriting Association (IUA) and Lloyd’s Market Association (LMA).

 Added Tizzio: “In Sara, we have found an exceptional leader to succeed Mark. We are excited about transitioning AXIS into a new chapter, building on the strong foundation that is already in place for our Global Markets division. 

“Sara brings deep specialty P&C knowledge and an expansive international pedigree with experience managing multi-billion dollar businesses. She is a proven leader with an established track record for success, who shares our values.”

 Mitchell spent 13 years at Chubb where she held a series of leadership roles with increasing levels of responsibility. Since 2021, in her role as divisional president of Continental Europe and MENA, she was responsible for Chubb’s property and casualty, accident and health, and consumer lines operations across 25 countries. Previously, she served in managerial roles at RSA and Allianz Insurance. 

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.