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Insurance moves: Axa XL makes changes to reinsurance team

S&P Global Market Intelligence presents a daily roundup of management and board changes in the insurance industry. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Life and health

Symetra Life Insurance Co. appointed Mindi Work to the new role of senior vice president and chief of strategy.

Work was most recently vice president for finance.

The company also promoted Phil Bouvier to senior vice president, sales and marketing for individual life; Dennis Brewer to senior vice president and senior actuary for the benefits division; and Andrew Farrell to senior vice president for retirement distribution.

Bouvier had been vice president for life insurance sales, while Brewer was assistant vice president, senior actuary. Farrell was vice president and national sales manager for the retirement division's internal and external sales teams.

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Puerto Rico Gov. Wanda Vázquez Garced appointed Jorge Galva executive director of the Puerto Rico Health Insurance Administration, Caribbean Business reported.

Galva has served as executive director in several hospitals in Puerto Rico.

Multiline

Nigeria-based Royal Exchange Plc named Olawale Omotunde Banmore group managing director and John Chukwudi Iwuajoku group executive director for operations.

Banmore served as managing director of Royal Exchange Prudential Life Plc, a subsidiary of Royal Exchange Plc.

Iwuajoku joined Royal Exchange Plc as COO in 2018.

Property and casualty

Axa XL named John Welch chief executive of domestic markets and Christopher Buse chief underwriting officer of its North America reinsurance business, effective Jan. 1, 2020.

Welch will continue to serve as head of Axa XL's reinsurance international region. Buse had been head of casualty reinsurance in North America.

Paul Simons will become head of Bermuda reinsurance with his existing role as head of property for global markets, while Marcus Gonzales, who is head of international casualty, will become head of London reinsurance.

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BMS Group Ltd. appointed Nick Dranchak executive vice president, capital management of BMS Re US.

Dranchak spent over five years as head of strategic advisory at JLT Re.

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Covington, La.-based Fidelis Group Holdings appointed Christian Kelly head of claims, Mark Taylor senior director of marine liability claims and Dustin Goodwin senior director of hull and machinery claims in its Fidelis Claims Service LLC division, Insurance Journal reported.

Kelly joined Fidelis Group in 2017 as senior director of the claims division, while Taylor served as senior claims manager. Goodwin previously served as claims director.

Fidelis Group is the parent of Continental Underwriters Ltd.

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Cyber insurance startup Cowbell Cyber Inc. named Caroline Thompson head of underwriting, The Insurance Insider reported.

Thompson previously worked at Zurich North America.