Axis Capital’s chief operating officer, Jack Gressier, is to step down from the end of June 2015.
His responsibilities are to be immediately distributed between Peter Wilson, CEO of AXIS Insurance; Christopher DiSipio, CEO of AXIS Accident & Health; and Richard Strachan, COO.
Wilson and DiSipio will now report directly to Albert Benchimol, president and CEO of AXIS Capital.
Strachan will assume responsibility for both ceded reinsurance and broker relationship management, and he will continue to report to Benchimol.
Axis indicated that it does not intend to replace Gressier.
“We sincerely thank Jack for his 12 years of service to the company,” says 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,” says 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.”