Guy Carpenter & Co. on Wednesday announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has taken up the position of chairman of the firm’s Bermuda operations.

Reina was formerly head of GC Fac International and the firm’s Italian business. In his new role, he will be responsible for all of Guy Carpenter’s treaty and facultative operations in Continental Europe and the MENA region. He will report to Nick Frankland, CEO of EMEA Operations.

As chairman of Guy Carpenter’s Bermuda operations, Stubbings will be responsible for the International and Retro business conducted on the island. He will work alongside Tony Fox, who has been appointed head of the Bermuda office and promoted to the position of Bermuda CEO. They both report to Kevin Fisher, CEO of Global Specialties, who is relocating from Bermuda to the firm’s London office in April.

Guy Carpenter also announced that Malcolm Payton has been promoted to head of GC Fac, London, having previously overseen the International Property division, and Salvatore Nicosia has been promoted to head of Italy. Both will report to Reina.

Source: Guy Carpenter & Co.