Bermudian re/insurance group AXIS Capital Holdings has announced the induction of its Chairman, Michael Butt OBE, into the Insurance Hall of Fame by the International Insurance Society.
Butt, who has also been named the 2019 Insurance Hall of Fame Laureate, is to be honoured at the IIS Global Insurance Forum’s Gala Awards taking place this June in Singapore.
Having joined AXIS Capital as Chairman of the Board in 2002, Butt has played a key role in the establishment of Bermuda as one of the world’s leading re/insurance hubs.
“We are immensely proud that our Chairman, Michael Butt, has been named the 2019 Insurance Hall of Fame Laureate,” said Albert Benchimol, President and CEO of AXIS Capital.
“We are deeply indebted to Michael for his leadership at AXIS and his contributions to the global (re)insurance industry, and congratulate him on this well-deserved honor.”
The Insurance Hall of Fame recognises insurance leaders who have made a broad, encompassing and lasting contribution to the insurance industry and who are recognised by their peers as successful leaders, innovators and visionaries.
Nominees are submitted by the IIS membership and evaluated for selection by the IIS Honors Committee, a body of senior insurance executives and academics.
Recently inducted Laureates include Nikolaus von Bomhard of Munich Re, Stephen Catlin of XL Catlin, Brian Duperreault of AIG, Denis Kessler of SCOR, Shuzo Sumi of Tokio Marine and Ikuo Uno of Nippon Life.
