Bermudian-based Axis Capital Holdings Ltd has announced that Sara Farrup has assumed the role of head of global markets as part of a planned leadership transition first announced last September.

Ms Farrup, who reports to Axis president and chief executive Vince Tizzio and is part of the company’s executive committee, succeeds longtime head of global markets Mark Gregory, who will continue to serve as a strategic adviser to the company through March.

The appointee, who is based in the company’s London office, joins Axis following a 13-year tenure at Chubb where she held a series of leadership roles with increasing levels of responsibility.

Since 2021, Axis said, 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.

Ms Farrup said: “I am proud to join Axis as head of global markets at this exciting point in the company’s journey.

“I feel privileged to join an already strong team within global markets and am confident that together, we can build on the positive momentum that already exists while providing our talent with a strong and vibrant culture that is conducive to success.”