Bermuda-based insurer and reinsurer, AXIS Capital Holdings has appointed Michael Millegan and Axel Theis its Board of Directors as part of a multi-year succession planning strategy.
Millegan has been appointed to the Board’s Audit and Compensation Committees with Theis serving on its Audit and Risk Committees.
Henry Smith, Chairman of AXIS Capital commented: “Michael and Axel are respected and accomplished global business leaders who each bring tremendous wisdom and perspective, gleaned from their years of experience working at the highest levels of world class organisations.
“Their insights will be invaluable in guiding and challenging the Company to further accelerate its progress and drive profitable growth.”
“We will benefit from Michael’s deep leadership expertise which crosses digital technology and platforms, cyber security, supply chain management, and sales and marketing. Axel brings a wealth of insurance industry knowledge including an expansive understanding of the global P&C space.”
Millegan said: “The re/insurance industry is going through a period of digital transformation that is impacting all aspects of how carriers do business. I look forward to working with AXIS leadership to help the Company further leverage data and technology to advance its business priorities.”
Theis added: “AXIS is a company with great potential and significant positive momentum in its core underwriting performance. I look forward to working with the Board and AXIS management team to build upon the significant work that has been done, and help take the business to the next level.”