Bermudian insurer and reinsurer, AXIS Capital Holdings Limited, has announced that Anne Melissa Dowling has been appointed to its Board of Directors, effective January 1st, 2020.
The re/insurer explains that Dowling will serve as a member of the Company’s Audit, Corporate Governance and Nominating, and Finance Committees.
She most recently served as Director for Insurance for the State of Illinois Department of Insurance, and has previously served as Connecticut’s Deputy Commissioner of Insurance, and also as its Acting Commissioner. She has also held executive roles with Massachusetts Mutual, Aetna, and Travelers.
“Anne Melissa is an exceptional leader whose career in insurance has been highlighted by innovation and achievement, as well as expertise in helping organizations navigate the intersection of insurance and innovative and transformational technology.
“Anne Melissa also brings the perspective of having held leadership roles in corporations and in the public sector. During Anne Melissa’s private sector career, she helped guide businesses to achieve new heights of productivity and profitability and she has deep expertise in cultivating performance driven organizational cultures. I expect AXIS will benefit significantly from this experience coupled with her government and regulatory knowledge,” said Michael Butt, Chairman of AXIS.
Dowling added: “Against the backdrop of a rapidly evolving (re)insurance marketplace, AXIS has clear and sound strategies to innovate across its businesses, all with a view toward scaling in areas of strength and building the new specialty businesses of the future to drive profitable growth.”
At the same time as Dowling’s appointment, AXIS has also revealed that both Robert Friedman and Maurice Keane will retire from the company, effective May 31st, 2020. Friedman has served on the re/insurer’s Board since the firm’s inception in 2001, while Keane has served as a Company Director since 2002.
With the appointment of Dowling, AXIS Capital’s Board of Directors is comprised of 13 members, 11 of whom are independent directors.
Butt added: “Over the past two decades, Bob and Maurice have both played integral leadership roles in helping to guide the growth of AXIS from a start-up into a relevant player in the global (re)insurance market. The level of insight, strategic counsel and guidance that they provided cannot be overstated.
“AXIS is indebted to Bob and Maurice for their tremendous service to our organization and the pivotal roles that they have played in growing our organization from the ground up.”
