24 June 2014 Insurance

Axis COO Gressier to step down

Axis Capital’s chief operating officer, Jack Gressier, will step down at the end of June 2015.

Axis said he will not be replaced and his responsibilities have already been distributed between Peter Wilson, chief executive officer (CEO) of AXIS Insurance; Christopher DiSipio, CEO of AXIS Accident & Health and Richard Strachan, chief operating officer (COO).

Wilson and DiSipio will 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.

“We sincerely thank Jack for his 12 years of service to the company,” said 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.”

Gressier said: “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.

“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.”

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