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(Bloomberg) – Chubb Ltd., the insurer led by Chief Executive Officer Evan Greenberg, promoted Michael Kessler to chief reinsurance officer as William O’Farrell departs for other opportunities.

Kessler will oversee the design and purchase of the reinsurance programs and report to Chief Operating Officer John Keogh, the Zurich-based company said Thursday in a statement that didn’t specify where O’Farrell is headed. Kessler was previously chief actuary of Chubb’s international general-insurance business.

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