LONDON—Chartis Europe Holdings Ltd. has named Alexander Baugh to the new position of president and CEO as the insurance group prepares for Solvency II.

Mr. Baugh, CEO of Chartis Insurance U.K. Ltd., is expected to move to the new post as soon as legal and regulatory approvals are received, Chartis said Thursday in a statement.

Mr. Baugh will oversee Chartis’ regional operations in the United Kingdom and Ireland, continental Europe and other European Union countries in the insurance group’s central Europe region. Chartis Europe Holdings is made up of Chartis Insurance U.K., Chartis Insurance Ireland Ltd. and Chartis Europe S.A.

As part of his new duties, Mr. Baugh “will facilitate a pan-European solution for the preparation of Solvency II,” Chartis said in the statement.

James Shea, regional president of Chartis’ region including central Europe and Commonwealth of Independent States region, will become managing director of Chartis U.K.

In another change, Julio Portalatin, regional president of Chartis Europe S.A., will become president of Chartis’ emerging markets region, which covers operations in Africa, the Commonwealth of Independent States, Latin America, the Middle East, South Asia and other countries.