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Axis Capital Holdings Ltd. on Monday said it has named Swiss Re Ltd. executive Steve Arora CEO of Axis Re.
Mr. Arora was most recently head of Swiss Re’s casualty reinsurance business and a member of its Reinsurance Executive Committee, Axis said in a statement. He fills a slot opened by the departure of Jay Nichols from Axis Re in March.
Based in Zurich, Mr. Arora will lead Axis Capital’s $2.2 billion reinsurance business and become a member of the company’s executive committee, reporting to president and CEO Albert Benchimol, according to the statement.
Axis Re interim CEO Jan Ekberg will resume his previous role as president and chief underwriting officer of Axis Re Europe upon Mr. Arora’s formal appointment in January 2018, the statement added.
“Steve is a remarkable talent and an accomplished and widely respected executive who stands at the forefront of an emerging generation of senior leaders in our profession,” Mr. Benchimol said in the statement.
Axis Capital Holdings Limited said Tuesday that CEO John “Jay” Nichols is resigning from the top spot at Axis Re effective March 31.