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No dates have been set, but it is expected that he will retire before the 2023 Florida state legislative session in March.
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The outgoing CEO will step down in May and spend six months as a strategic adviser to the company.
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Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
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The announcement comes on the helm of both houses of the Florida legislature passing the proposed overhaul of the state's property insurance market.
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The Accelerant group provides capacity to MGAs and maintains two reinsurance carriers.
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David Schmid joins from New Re, where he spent 11 years, most recently as a senior structurer.
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In her new role, the executive will oversee actuarial reserving functions and technical pricing for business underwritten in the US and Bermuda markets.
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The reinsurer said the appointment comes as it looks to grow in the property treaty arena.
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Yao previously served as senior capital and reinsurance specialist at Suncorp’s Sydney office since joining the company in 2019.
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The unit will aim to grow captive solutions and structured solutions.
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The outgoing McGill and Partners head of structured solutions will become CEO of Augment after fulfilling his contact at McGill.
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She succeeds William Mills, who left his role as group head of ceded re and third-party capital for Allianz.