Bermuda-based global specialty insurer AXIS Capital Holdings Ltd. on Tuesday announced the appointment of David Phillips as executive vice president and chief investment officer, effective April 17.

He will report to Albert Benchimol, AXIS president and CEO.

Phillips has more than 18 years’ experience in investments. Most recently, he was the head of investments for PartnerRe. Prior to that, Phillips served as director of research and a portfolio manager at Oppenheimer Capital, an institutional money manager based in New York City.

Benchimol commented: “I am excited to announce the addition of David to our leadership team. I’m confident that his broad experience, expertise and proven track record in insurance company investment management will prove a valuable asset to the ongoing development of our portfolio. I was fortunate to work with David in the past and look forward to the great contributions I know he will make to our work at AXIS.”

Source: AXIS Capital Holdings Ltd.