AXIS Capital Holdings has announced that aviation head Terry Wood will retire at the end of September 2024, marking the end of his 22-year career with the company. Wood, one of the earliest team members at AXIS, will be succeeded by David White (pictured) in October.
Employed by the global underwriter since 2020, the soon-to-be head of aviation for AXIS Global Markets has been a key part of the aviation leadership team, most recently serving as airline and aerospace head.
White’s previous experience includes senior roles at various insurance companies and as head broker for aerospace and airline at Aon.
Mark Gregory, global markets head at AXIS, commented: “We are announcing a change in leadership of our aviation division – a bittersweet moment as we bid farewell to Terry Wood, one of our longest-serving leaders.
“Terry is a trusted and well-respected leader in the aviation market. Not only has he grown our aviation portfolio and team from a standing start, he also led the successful integration of Aviabel into the AXIS family. He is leaving a legacy of a thriving aviation insurance business and team.”
Gregory went on to note: “I am very pleased to appoint David White as head of aviation. David has extensive experience within both the insurer and broker aviation market and has established himself as a key part of our aviation business with a sharp customer focus.
“He will be responsible for the continued growth of our aviation business in the UK, Europe, and Bermuda.”
Earlier this year, AXIS reported US$204 million in net income available to common shareholders for the second quarter.
At the time, president and chief executive Vince Tizzio said: “This was an excellent quarter and first half of the year for AXIS defined by consistent, profitable results and strong diluted book value per share growth as we pursued our ambition of achieving specialty underwriting leadership.”
What do you think about this story? Share your thoughts in the comments below.
