XL Capital Ltd this week announced that John Hume will relinquish his role as chief financial and administrative officer of XL Re Ltd. to focus entirely on his responsibilities as chief financial officer of XL's global reinsurance operations.

Mr. Hume will remain an executive vice president and director of XL Re Ltd. James O'Shaughnessy, formerly of Centre Solutions in Bermuda, will take up the position of chief financial officer for XL Re Ltd. reporting directly to James Veghte, president and chief operating and underwriting officer of XL Re Ltd.

Mr. O'Shaughnessy served four and a half years with Centre Solutions as controller and vice president. Prior to that, he was an assistant vice president and assistant controller at Tempest Reinsurance before being promoted to vice president of finance.

His career began in 1986 when he worked as an audit senior for PricewaterhouseCoopers in Ireland.

In 1989, Mr. O'Shaughnessy was an audit senior for KPMG Peat Marwick in Bermuda. He went on to GTE Reinsurance in 1991 where he served as a financial reporting administrator and was later promoted to assistant controller.

Mr. Hume said: "James O'Shaughnessy will take over the day-to-day financial tasks for XL Re Ltd., allowing me to concentrate on the reinsurance segment issues. I would like to welcome James to the team and look forward to working closely with him."