McKeown appointed CEO of New Ocean Capital Management

Chirs McKeown, who has held senior executive positions with Guy Carpenter and ACE Tempest Reinsurance Company, has been appointed CEO of the investment management company recently formed by XL Group and fund managed by Stone Point Capital.

While McKeown’s appointment is subject to Bermuda Immigration approval, New Ocean is expected to be operational for the upcoming renewal season.

James Veghte,  chief executive of XL’s reinsurance operations, said: “XL and Stone Point Capital are pleased to announce this appointment. Chris brings outstanding experience in managing reinsurance capital markets risk portfolios and building convergence asset management businesses.”

Charles Davis, CEO of Stone Point Capital, added: “Chris brings extensive insurance industry experience as an underwriter, broker and investor, and we believe he is an excellent choice to lead New Ocean.”