As part of the ongoing restructuring of its reinsurance operations Bermuda’s XL Capital Ltd announced that James H. Veghte has been appointed President, COO and Chief Underwriting Officer of XL Re Ltd, one of its principal reinsurance units.
Veghte is currently the COO of XL’s French reinsurance subsidiary, Le Mans Re, and also serves as General Manager of XL Re’s London branch. He plans on re-locating to Bermuda to take up his new duties, subject to regulatory and other approvals.
XL also announced that Charles Werner Skrzynski, presently executive Chairman, will become CEO of Le Mans Re and Mr. David J. Watson, Sr. VP and Chief Underwriter (Non-Life), will become General Manager of XL Re’s London branch.
Mr. Henry C.V. Keeling, who heads all of XL’s Reinsurance Operations, will continue as CEO of XL Re and will become non-executive Chairman of Le Mans Re. He plans on moving to London from his present office in Bermuda, and issued a statement lauding the accomplishments and abilities of Veghte, Skrzynski and Watson.
XL President and CEO Brian M. O’Hara, stated that the moves represent “a further step in the streamlining and integration of our global reinsurance business, XL Re. We are very pleased to welcome Charles Werner Skrzynski to the XL family and we congratulate Jamie Veghte and David Watson on their new appointments. Henry Keeling’s relocation to London emphasizes the truly global nature of our business and the growing importance of the European markets to XL Re and XL Capital as a whole.”
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