Jack Gressier, left, and Albert Benchimol *Photos supplied
Jack Gressier, left, and Albert Benchimol *Photos supplied

AXIS Capital Holdings Limited announced that Jack Gressier, COO, said he will be retiring on June 30, 2015, so that he may spend more time with his family.

Effective immediately, Mr Gressier’s current responsibilities will be distributed among Peter Wilson, CEO of AXIS Insurance; Christopher DiSipio, CEO of AXIS Accident & Health; and Richard Strachan, COO. 

Messrs. Wilson and DiSipio will now report directly to Albert Benchimol, president and CEO of AXIS Capital. 

Mr Strachan will assume responsibility for both ceded reinsurance and broker relationship management, and he will continue to report to Mr Benchimol. The company does not intend to replace Mr Gressier.

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

“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,” said Jack Gressier. “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.”