David Kalainoff, president and chief underwriting officer — casualty of Markel Re is to retire at the start of June next year.

He will be replaced bt Jed Rhoads, who is at present the president and chief underwriting officer — property at Markel Re, which maintains an office in Hamilton’s Par la Ville Road.

Both men previously worked for Alterra Capital Holdings, a Bermuda-based company until its takeover by Markel in 2011.

Richie Whitt, president and co-chief operating officer, said: “Dave is a valued member of Markel’s senior leadership team and has been instrumental in the transition of the reinsurance team to Markel.

“We’re truly appreciative that he has shared his retirement decision with us so early and is willing to work with us until June of next year to ensure customer continuity and uninterrupted service.”

He added: “Jed and Dave have been close partners in buildings and leading Markel’s reinsurance business and they will continue to work closely during the transition.

“We are grateful for Dave’s contributions and wish him all the best in his retirement.

“I am confident that under Jed’s leadership we will continue to strengthen our reinsurance platform.”