Two veteran leaders are to retire from Bermudian-based Axis Capital Holdings Limited, the global specialty underwriter.

Chief people officer Noreen McMullan and Axis Wholesale chief executive officer Carlton Maner are to leave the company.

The company said Ms McMullan would be succeeded by Lisa Pariot, who will become chief people officer on January 1.

Ms McMullan will continue with Axis until March 31, 2024, serving as a strategic adviser to the company.

Ms Pariot has served as a member of the human resources leadership team for eight years, most recently acting as head of people programmes and rewards.

Mr Maner will retire at the end of this year and, in the months ahead, will work in partnership with head of North America, Mike McKenna, to ensure a smooth transition, the company said.

“Today we are announcing the retirement of two widely respected and highly valued leaders within the Axis organisation, individuals who have contributed so much to our firm as well as the broader industry,” said Vince Tizzio, president and chief executive of Axis Capital.

“We express our profound appreciation and gratitude to Noreen and Carlton for their exceptional leadership and contributions to Axis, our people, and the larger profession.

“We are also very pleased to announce the promotion of Lisa Pariot, a talented leader who will only further grow our efforts to build a best-in-class HR function.”

Axis Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions.

The company has shareholders' equity of $5 billion at June 30, 2023, and locations in Bermuda, the United States, Europe, Singapore and Canada.