Axis Capital Holdings has appointed chief audit executive to its executive management group.

As chief audit executive, Mr. Anderson directs the daily activities of the Company?s internal audit function and coordinates management?s implementation of Sarbanes-Oxley Section 404 requirements.

Mr. Anderson joined Axis from Deloitte where he was director of internal audit services to the insurance industry and led their internal audit services practice in the Carolinas, in which capacity he assisted many management teams in developing their response to Section 404 of Sarbanes-Oxley.

Mr. Anderson holds a B.A. in Economics from Eckerd College and an M.S. in Accountancy from Virginia Commonwealth University. He is a certified public accountant as well as a certified information systems auditor.

Axis chief executive John Charman said: ?I am delighted to welcome Andy to the senior management team at Axis. He brings huge experience and obvious ability to help us move strongly forward in the next stage of our development.?

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Insurance services provider Towers Perrin has appointed as a managing director in its Bermuda office. He will be responsible for business and brand development in the Bermuda marketplace and will be a member of the financial services product development group.

The bulletin notes: ?Pettersen brings significant reinsurance and insurance industry expertise to the firm. Prior to joining Towers Perrin, he was an integral member of the Benfield ReMetrics Group, which led to his appointment as the chief executive officer for Bluesure Ltd., an insurance broker and joint venture between the Benfield Group and Santam, South Africa?s largest insurance company.?

He has also held senior positions with EW Blanch, Bermuda-based Partner Re and Alexander Forbes Group.

?We are delighted that Phillip has joined Towers Perrin, and feel that his overall expertise in the design and placement of traditional and structured reinsurance solutions and his deep understanding of captives will assist us in becoming one of the leading providers of reinsurance intermediary services to the Bermuda market,? stated Bill Eyre, managing director and chief executive of the firm?s reinsurance business.

will retire as deputy chairman of Bermuda-registered engineering and construction company Foster Wheeler Ltd. effective December 31. Mr. Melone, 75, is also chairman of the board?s compensation committee and a member of its audit committee and will retain those posts until his retirement date. A successor has not yet been named.