Sara Mitchell to Succeed Mark Gregory as AXIS Head of Global Markets
AXIS Capital Holdings (NYSE: AXS) has announced a significant leadership change. Sara Mitchell will succeed Mark Gregory as Head of Global Markets. Gregory, who has been with AXIS for 15 years, will retire in March 2025 after a 50-year career in the industry. Mitchell, previously Divisional President at Chubb, will join AXIS on November 25 as Strategic Advisor and become Head of Global Markets on January 1, 2025.
Under Gregory's leadership, AXIS achieved several milestones, including establishing the AXIS Managing Agency at Lloyd's and becoming a top ten player at Lloyd's by capacity. Mitchell brings extensive experience in specialty P&C and international markets, having managed multi-billion dollar businesses at Chubb. This transition marks a new chapter for AXIS's Global Markets division, building on its strong foundation in the specialty insurance sector.
AXIS Capital Holdings (NYSE: AXS) ha annunciato un significativo cambiamento nella leadership. Sara Mitchell succederà a Mark Gregory come Responsabile dei Mercati Globali. Gregory, che è stato con AXIS per 15 anni, andrà in pensione a marzo 2025 dopo una carriera di 50 anni nel settore. Mitchell, precedentemente Presidente Divisionale presso Chubb, entrerà in AXIS il 25 novembre come Consigliere Strategico e diventerà Responsabile dei Mercati Globali il 1 gennaio 2025.
Sotto la guida di Gregory, AXIS ha raggiunto diversi traguardi, tra cui la creazione dell'AXIS Managing Agency presso Lloyd's e la sua affermazione come uno dei primi dieci player a Lloyd's per capacità. Mitchell porta con sé una vasta esperienza nei mercati specializzati di P&C e internazionali, avendo gestito attività multi-miliardarie presso Chubb. Questa transizione segna un nuovo capitolo per la divisione Mercati Globali di AXIS, sviluppando la sua solida base nel settore dell'assicurazione specializzata.
AXIS Capital Holdings (NYSE: AXS) ha anunciado un cambio significativo en el liderazgo. Sara Mitchell sucederá a Mark Gregory como Jefa de Mercados Globales. Gregory, que ha estado con AXIS durante 15 años, se retirará en marzo de 2025 después de una carrera de 50 años en la industria. Mitchell, previamente Presidenta Divisional en Chubb, se unirá a AXIS el 25 de noviembre como Asesora Estratégica y se convertirá en Jefa de Mercados Globales el 1 de enero de 2025.
Bajo el liderazgo de Gregory, AXIS logró varios hitos, incluido el establecimiento de la AXIS Managing Agency en Lloyd's y convertirse en uno de los diez principales actores en Lloyd's por capacidad. Mitchell aporta una amplia experiencia en mercados de P&C especializados e internacionales, habiendo gestionado negocios multimillonarios en Chubb. Esta transición marca un nuevo capítulo para la división de Mercados Globales de AXIS, construyendo sobre su sólida base en el sector de seguros especializados.
AXIS Capital Holdings (NYSE: AXS)는 중요한 리더십 변화를 발표했습니다. 사라 미첼이 마크 그레고리를 대신하여 글로벌 마켓의 책임자로 임명됩니다. 그레고리는 AXIS에서 15년간 근무했으며, 50년의 경력을 뒤로 하고 2025년 3월에 은퇴할 예정입니다. 미첼은 이전에 Chubb의 부사장이었으며, 11월 25일에는 AXIS에 전략 고문으로 합류하고 2025년 1월 1일에는 글로벌 마켓 책임자가 됩니다.
그레고리의 리더십 하에 AXIS는 여러 이정표를 달성했으며, 그 중에는 로이드에서 AXIS 매니징 에이전시를 설립하고 용적 기준으로 로이드에서 상위 10위의 플레이어가 되는 것도 포함되어 있습니다. 미첼은 Chubb에서 다수의 수십억 달러 규모의 비즈니스를 관리한 광범위한 전문 P&C 및 국제 시장 경험을 가지고 있습니다. 이 전환은 AXIS의 글로벌 마켓 부서에 새로운 장을 여는 것으로, 전문 보험 분야에서의 강력한 기반을 바탕으로 합니다.
AXIS Capital Holdings (NYSE: AXS) a annoncé un changement significatif dans sa direction. Sara Mitchell succédera à Mark Gregory en tant que Responsable des Marchés Globaux. Gregory, qui a été avec AXIS pendant 15 ans, prendra sa retraite en mars 2025 après une carrière de 50 ans dans l'industrie. Mitchell, précédemment Présidente Divisionnelle chez Chubb, rejoindra AXIS le 25 novembre en tant que Conseillère Stratégique et sera nommée Responsable des Marchés Globaux le 1er janvier 2025.
Sous la direction de Gregory, AXIS a atteint plusieurs étapes importantes, notamment la création de l'AXIS Managing Agency chez Lloyd's et son positionnement parmi les dix principaux acteurs chez Lloyd's en termes de capacité. Mitchell apporte une vaste expérience dans les marchés spécialisés de l'assurance P&C et internationaux, ayant dirigé des entreprises de plusieurs milliards de dollars chez Chubb. Cette transition marque un nouveau chapitre pour la division des Marchés Globaux d'AXIS, s'appuyant sur sa solide base dans le secteur des assurances spécialisées.
AXIS Capital Holdings (NYSE: AXS) hat einen bedeutenden Führungswechsel bekannt gegeben. Sara Mitchell wird Mark Gregory als Leiterin der globalen Märkte nachfolgen. Gregory, der 15 Jahre bei AXIS war, wird im März 2025 nach einer 50-jährigen Karriere in der Branche in den Ruhestand gehen. Mitchell, die zuvor divisional President bei Chubb war, wird am 25. November zu AXIS als Strategische Beraterin stoßen und am 1. Januar 2025 Leiterin der globalen Märkte werden.
Unter Gregorys Führung erreichte AXIS mehrere Meilensteine, darunter die Gründung der AXIS Managing Agency bei Lloyd's und die Position als einer der zehn größten Akteure bei Lloyd's nach Kapazität. Mitchell bringt umfangreiche Erfahrung in spezialisierten P&C- und internationalen Märkten mit, nachdem sie milliardenschwere Unternehmen bei Chubb geleitet hat. Dieser Übergang markiert ein neues Kapitel für die globale Marktabteilung von AXIS und baut auf ihrer soliden Basis im Spezialversicherungssektor auf.
- Smooth leadership transition planned with Sara Mitchell joining as Strategic Advisor before assuming Head of Global Markets role
- AXIS has become a top ten player at Lloyd's by capacity under Mark Gregory's leadership
- Sara Mitchell brings extensive experience in managing multi-billion dollar businesses in specialty P&C and international markets
- None.
Insights
The appointment of Sara Mitchell as the future Head of Global Markets at AXIS Capital is a strategic move that signals continuity and potential growth for the company. Mitchell's extensive experience in managing multi-billion dollar businesses across diverse international markets positions her well to lead AXIS's global expansion efforts. Her background at Chubb, particularly in Continental Europe and MENA, could potentially open new avenues for AXIS in these regions.
The planned succession process, with Mitchell joining as a Strategic Advisor before fully assuming the role, indicates a thoughtful transition approach. This method allows for knowledge transfer and ensures stability, which is important in the specialty insurance sector. However, investors should note that the full impact of this leadership change may not be immediately apparent, as Mitchell won't fully take over until January 2025.
While this change in leadership is significant, it's important to remember that executive transitions are common in the insurance industry and don't necessarily indicate a shift in company strategy or performance in the short term.
From a financial perspective, this leadership transition at AXIS Capital appears neutral in the short term. The company's stock price is unlikely to see significant movement based solely on this announcement, as the change won't take effect for over a year. However, investors should monitor for any strategic shifts or organizational changes that Mitchell might implement once she takes the helm.
AXIS's position as a top ten player at Lloyd's by capacity and its recognition as an outperforming syndicate are positive indicators of the company's market strength. These factors, combined with Mitchell's experience in managing large-scale operations, could potentially lead to improved financial performance in the long term. Investors should keep an eye on AXIS's market share and profitability metrics in the coming years to gauge the impact of this leadership transition.
The succession plan for AXIS Capital's Head of Global Markets demonstrates strong corporate governance practices. The company has allowed for a substantial transition period, with Sara Mitchell joining as a Strategic Advisor well in advance of taking on the full role. This approach minimizes disruption and allows for a smooth handover of responsibilities.
Mitchell's immediate inclusion in the Executive Committee is noteworthy, as it suggests she will have a voice in high-level decision-making from the outset. This could lead to a more seamless transition of leadership and potentially new strategic insights based on her diverse international experience.
The retirement of Mark Gregory after a 15-year tenure with AXIS indicates stability in the company's senior leadership. Long-term investors often view such stability positively, as it can contribute to consistent strategy execution and corporate culture.
Ms. Mitchell, who previously served as Divisional President of Chubb’s Continental Europe and MENA business, will join the Company on November 25 as Strategic Advisor to the Head of Global Markets and will be a member of the Company’s Executive Committee. Ms. Mitchell, who will be based in
“We are grateful to Mark for his tremendous leadership and years of service to AXIS. He has played a crucial role in helping elevate AXIS as a global specialty leader,” said Mr. Tizzio. “Under his guidance, we achieved a number of important milestones including the establishment of the AXIS Managing Agency at Lloyd’s with Mark serving as its first CEO, launch of AXIS Energy Transition Syndicate 2050, effective integration of Novae into AXIS, and establishment of AXIS as a top ten player at Lloyd’s by capacity, with recognition as an outperforming syndicate.”
Mr. Gregory joined AXIS in January of 2010 as CEO of its International Division and is presently a member of the Company’s Executive Committee in his current role as Head of Global Markets, where he has led the division since its formation. Prior to AXIS, Mr. Gregory spent 15 years at Marsh where he held a series of leadership positions including CEO roles for both Bowring Marsh and Marsh Global Markets. He started his insurance career with Sedgwick Group in 1980. In addition, Mr. Gregory has served on the Boards of both the International Underwriting Association (IUA) and Lloyd’s Market Association (LMA).
Added Mr. Tizzio, “In Sara, we have found an exceptional leader to succeed Mark. We are excited about transitioning AXIS into a new chapter, building on the strong foundation that is already in place for our Global Markets division. Sara brings deep specialty P&C knowledge and an expansive international pedigree with experience managing multi-billion dollar businesses. She is a proven leader with an established track record for success, who shares our values.”
Ms. Mitchell joins AXIS following a 13-year tenure at Chubb where she held a series of leadership roles with increasing levels of responsibility. Since 2021, in her role as Divisional President of Continental Europe and MENA, she was responsible for Chubb’s property and casualty, accident and health, and consumer lines operations across 25 countries. Previously, she served in managerial roles at RSA and Allianz Insurance.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240917738230/en/
Investor Contact
Cliff Gallant
AXIS Capital Holdings Limited
investorrelations@axiscapital.com
+1 415 262 6843
Media Contact
Mairi MacDonald
AXIS Capital Holdings Limited
mairi.macdonald@axiscapital.com
+44 7785 280 083
Source: AXIS Capital Holdings Limited
FAQ
Who is replacing Mark Gregory as AXIS Head of Global Markets?
When will Sara Mitchell assume the role of Head of Global Markets at AXIS (AXS)?
What notable achievements occurred under Mark Gregory's leadership at AXIS (AXS)?
Where will Sara Mitchell be based in her new role at AXIS (AXS)?
