Axis Capital Holdings Ltd. has announced the resignation of executive vice-president and chief financial officer David Greenfield, effective November 30, 2010.

The insurer has started its search for a successor.

John Charman, CEO and president of Axis Capital, said: "David has been a valued member of our executive management group for the past four years. During this time, he has successfully directed financial strategy at the company and led the further development of our accounting, control, financial reporting, financial planning, tax and treasury functions.

"We thank David for his many contributions to Axis Capital during the last four years and wish him well in his future endeavours."

Mr. Greenfield took up the post in 2006, having spent 22 years at KPMG LLP, where he had been a partner for one decade.