ACE Group has announced that James Wixtead has been appointed senior vice president, ACE Group, and president of ACE Tempest Re Group, the company's global reinsurance business.
Currently division president of ACE Tempest Re USA, Wixtead will succeed Jacques Bonneau, who was previously named ACE group executive vice president, global underwriting.
As of July 1st, Wixtead will be responsible for leading the company's global reinsurance business operations, which provide a broad range of traditional and specialty reinsurance products to a diverse array of primary property and casualty insurance companies. Wixtead will report to ACE group chairman and CEO Evan Greenberg.
"It is my pleasure to appoint Jim Wixtead to head our global reinsurance business," says Greenberg. "I've known and worked with Jim for over 10 years, I have witnessed his underwriting discipline and I have watched him grow and develop into a great executive. With more than 25 years of reinsurance industry experience, Jim has done an outstanding job leading ACE's North American reinsurance business and has earned this well-deserved promotion. I have every confidence in his abilities to sustain ACE Tempest Re's record of excellence."
The company also announced that Michael O'Donnell has been appointed division president, ACE Tempest Re USA, succeeding Wixtead, continuing to report to his successor.
"Mike has demonstrated both leadership excellence and broad industry expertise in his eight years with ACE and 15 years in the reinsurance business. He is a natural to now lead our U.S. reinsurance operations," says Wixtead. "I look forward to continuing to work closely with Mike and the entire team to provide our clients with stable, secure and substantial capacity as well as creative alternative risk solutions."
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