George Chaffee, who played a key role in the development and passage of Vermont's landmark captive insurance company statute in 1981 when he was commissioner of the state's Department of Insurance and Banking, died earlier this month. Mr. Chaffee was 82 and died of complications from Alzheimer's disease.
Independent insurance company manager Strategic Risk Solutions (SRS) has appointed Anna Pereira to the newly created position of senior vice president, insurance-linked securities (ILS). Ms. Pereira will take on her new role on March 1. Based in Bermuda, she will be responsible for supporting SRS's expansion in ILS and fund administration.
AXA XL has appointed Matthew V. O'Malley as US country manager, reporting to Joe Tocco, chief executive office of AXA XL's Americas region. In addition to his existing role as East US Zone leader, Mr. O'Malley will provide oversight of AXA XL's collective business activity in the US insurance market.
AXA XL has appointed Michael Yeats head of Latin America, reinsurance. Based in Bogota, Colombia, Mr. Yeats will report to Peter Schmidt, chief executive of emerging markets, reinsurance. Mr. Yeats joins AXA XL from Munich Re where he most recently was vice president, engineering and specialty marine for the Americas.
Insurance management and consulting services provider Strategic Risk Solutions (SRS) is establishing operations in Guernsey, with Peter Child joining the firm to lead the Guernsey operations. Mr. Child, who will take his position in July, has been appointed managing director, SRS Guernsey Management Limited.