NU Online News Service, Dec. 13, 2:19 p.m. EST

Industry veteran John R. Charman will retire as chief executive officer and president after a decade at the helm of specialty-lines insurance provider Axis Capital Holdings Ltd. The company's chief financial officer will take the role.

Charman's retirement begins May 3, 2012, at which time Albert Benchimol, currently the CFO, will step in, according to a statement from Bermuda-based Axis.

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