Axa XL Reinsurance has appointed industry veteran Mark Twite as chief executive officer, Bermuda.

Mr Twite is to take up his new post on Monday.

In the role, he will be responsible for the strategic growth of the business in Bermuda, ensuring capital is effectively deployed in order to drive a stable and sustainable portfolio as part of Axa XL reinsurance division.

Nancy Bewlay, chief executive officer, Reinsurance, said: “Mark’s 30-year experience in the industry coupled with his 18-year tenure at Axa XL in Bermuda, places him in the ideal position to deliver for our global clients and brokers in this key market and lead our talented team.”

Prior to his current role as chief financial officer, Mr Twite held a number of senior positions including head of strategic business finance for the Axa XL division, while also maintaining his role as head of assumed reinsurance finance.

He is a fellow of the Institute of Chartered Accountants in England and Wales and he qualified from Deloitte & Touche in 1998 while working in their London insurance practice.

Mr Twite holds a BS in economics from the London School of Economics.