Chief financial officer Mark Twite has been appointed as chief executive of AXA XL Reinsurance in British overseas territory Bermuda.
Effective October 3, the company veteran will be in charge of the unit’s strategic growth by ensuring capital is effectively deployed. The goal is to drive a stable and sustainable portfolio as part of the group’s wider reinsurance operations.
“Mark’s 30-year experience in the industry coupled with his 18-year tenure at AXA XL in Bermuda places him in the ideal position to deliver for our global clients and brokers in this key market and lead our talented team,” commented reinsurance CEO Nancy Bewlay.
A fellow of the Institute of Chartered Accountants in England and Wales, Twite qualified from Deloitte & Touche in 1998 while working at the firm’s London insurance practice.