AXIS Capital Names John Gressier COO

(RTTNews) - AXIS Capital Holdings Ltd. (AXS) said Tuesday that John Gressier, currently the Chief Executive Officer of AXIS Insurance, will become AXIS Capital's new Chief Operating Officer, effective April 1.

Gressier will assume the responsibilities of retiring Chief Operating Officer Dennis Reding.

Gressier will continue to be based in London and report to Albert Benchimol, President and Chief Executive Officer of AXIS Capital.

Reding, who has served as AXIS Capital's Chief Operating Officer since 2007, has been named senior advisor to the company and will continue as a member of AXIS Capital's Executive Committee.

Peter Wilson, currently President of U.S. Insurance at AXIS Insurance, will succeed Gressier as Chief Executive Officer of AXIS Insurance.