J Eric Smith will become president and chief executivce of Swiss Re's Americas division on 11 July.

He will take over the role from Pierre Ozendo, who is retiring afdter more than 35 years in the industry.

Smith will be responsible for running Swiss Re's non-life and life reinsurance business in the US, Canada, Latin America and the Caribbean. He will join the Swiss Re group management board,reporting to chief marketing officer for reinsurance Christian Mumenthaler.

Smith joins from USAA Life Insurance, where he was president. Before joining USAA he was president of Allstate Financial Services. He also serves on the executive committee of the American Council of Life Insurers.

Upon his retirement, Ozendo will join the Board of Swiss Re America Holding Corporation as a non-executive director. He has been at Swiss Re for 16 years, starting in 1995 as chief executive of the company's then-subsidiary Union Re.