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Catlin Group Ltd. CEO Stephen Catlin has been elected chair of the Association of Bermuda Insurers and Reinsurers, ABIR announced Monday.
Mr. Catlin’s two-year term begins Jan. 1. He will succeed XL Group P.L.C CEO Mike McGavick, whose term ends Dec. 31.
Other officers elected were PartnerRe Ltd. President and CEO Costas Miranthis as first deputy chair, and RenaissanceRe Holdings Ltd. President and CEO Kevin O’Donnell as second deputy chair.
Bermuda-based reinsurer RenaissanceRe Holdings Ltd.'s profit for the third quarter of 2014 totaled $67.8 million, a year-on-year plunge of $111.9 million, The Royal Gazette reports.