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.
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s 
‘Catastrophic’ Hack Underscores Public Defender Security Gaps 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
