WEDNESDAY, FEB. 8: AXIS Capital Holdings Limited announced John “Jay” Nichols will join AXIS Capital as the Chief Executive Officer of AXIS Re effective April 2. Jay will report to the CEO and president of AXIS Capital, and will assume responsibility for the leadership and management of all reinsurance business units. He will also serve as a member of AXIS Capital’s Executive Committee.

AXIS Capital CEO John Charman said: “Jay is an outstanding long-time reinsurance industry professional with an excellent reputation. I am delighted he has chosen to join our senior management group as CEO of AXIS Re and in doing so recognizes the enormous potential of our global reinsurance platform. My colleagues and I very much look forward to working with him to leverage AXIS Re’s existing strengths and further develop its capabilities, as well as those of our global franchise.”

Mr Nichols said: “I look forward to playing a leadership role at AXIS, and am energized to build value for all of our stakeholders through the continued development of the global reinsurance platform. This is an exciting time to re-enter the reinsurance business and I am honoured to be doing so with this extremely talented and dedicated team.”