AXA XL announced that Renaud Guidée has been appointed chief executive officer, Reinsurance, effective Sept. 1, 2023.

He assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer. In this newly created role, Bewlay joins AXA’s Management Committee, reporting to Frédéric De Courtois, group deputy CEO.

Guidée, who currently serves as AXA Group’s chief risk officer, will lead AXA XL’s Reinsurance business. Prior to joining AXA XL in 2019, he was a managing director with Goldman Sachs’ Investment Banking Division, where he advised large corporate clients across industries with a total cross-border transaction track record of over $150 billion.

***

Guy Carpenter has appointed Laurent Rousseau to the newly created position of CEO of EMEA and Global Capital Solutions, effective Sept. 4, 2023.

Rousseau will have executive oversight of Guy Carpenter’s businesses in Europe, the Middle East, Africa, and India, as well as GC Securities and Global Risk Solutions, which includes the structured risk practice. He will also work with Marsh McLennan’s other businesses – Marsh, Mercer and Oliver Wyman – to solve for clients’ interconnected risk, strategy and people challenges.

He will be located in London and will report to Dean Klisura, Guy Carpenter president and CEO. He will also join the Guy Carpenter Executive Committee.

Prior to joining Guy Carpenter, Rousseau was CEO of SCOR, where he enjoyed a 13-year career, having also served as deputy-CEO of Global P&C overseeing Specialty Insurance, chief underwriting officer EMEA P&C Reinsurance, and head of P&C Strategy & Business Development. Before joining SCOR, Rousseau was in JP Morgan’s Mergers & Acquisitions Group in London from 2005 to 2010, where he specialized in Financial Institutions.

***

Chaucer said Group CEO John Fowle has decided to step down at the end of June.

Fowle has been with Chaucer since 2002 and was appointed CEO in January 2017, having previously served as Chaucer’s chief underwriting officer.

Rob Callan will take on the role of interim Group CEO, in addition to his role as Group CFO, subject to regulatory approval, while the search for Fowle’s successor is underway, Chaucer said.

“The past six years as Group CEO of Chaucer have been hugely fulfilling. I have a great affection for Chaucer and its people,” Fowle said. “I am incredibly proud of the strength of our culture and the results we have delivered together. After 20 years with Chaucer, however, I have decided that it is the right moment in my career to step aside and pursue new opportunities, letting the next leader of Chaucer build on what we have achieved.”

Paul Jardine, non-executive chair of Chaucer, said Fowle “has been instrumental in driving the successful performance of the business over many years and particularly since Chaucer was acquired by China Re. The business has delivered on the five-year post-acquisition plan, including the doubling in size of the business while delivering market leading results.”