Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based AXIS Capital Holdings Ltd. (A-/Stable/–) and its operating subsidiaries are not affected by the announcement of the appointment of Albert Benchimol as chief financial officer, effective Jan. 17, 2011.
S&P noted that Benchimol served as “Executive Vice President and CFO of PartnerRe Ltd. (A/Negative/–) from 2000 through October 2010. His retirement from PartnerRe will be effective Dec. 31, 2010.
“He will be replacing David Greenfield, who is leaving the company on Nov. 30, 2010, to pursue other interests. We don’t believe this management change is a concern given Mr. Benchimol’s extensive industry experience and strong track record, along with AXIS’s strong executive management team.”
Source: Standard & Poor’s
Was this article valuable?
Here are more articles you may enjoy.
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
