Bermuda based reinsurer AXIS Capital Holdings has announced the addition of W. Marston Becker to its Board of Directors.
Becker, who will serve as a member of the Executive, Finance and Risk Committees, boasts a 35-year career in the re/insurance industry, with numerous senior leadership roles at brokers across Bermuda, the UK, US and Australia.
He served as Chairman of the Board of QBE Insurance Group from 2014 until April 2020, before which he was Chairman and CEO at Alterra Capital, Trenwick Group Limited and Orion Capital Corporation.
Prior to this, Becker served as President and CEO of McDonough Caperton Insurance Group Inc.
“We are pleased to welcome Marty, a highly respected leader and operator within the (re)insurance field, to the AXIS Board,” said Michael Butt, Chairman of AXIS Capital. “AXIS will benefit tremendously from his experience in the property and casualty space and his proven track record helping carriers transform and deliver on their potential.”
“Marty’s appointment reflects our commitment to balancing thoughtful Board refreshment with deep company knowledge and expertise,” Butt added. “He joins a Board that represents a diverse range of experiences, skills and perspectives that contribute to our ability to drive strategic execution and shareholder value creation.”
Becker’s appointment forms part of a multi-year succession planning strategy at AXIS to ensure there is balance between longer-tenured directors and newer directors.
The Board of Directors presently has 12 members, 10 of whom are independent, and, including Becker, AXIS has added five new independent directors over the past two years.
“In recent years, AXIS has made significant strides to reposition its business and build a more resilient, valuable and profitable Company. AXIS is on an exciting path forward, and I look forward to helping further these efforts,” said Becker.
“During a time of tremendous disruption, AXIS’ leadership has a clear vision for where the industry is headed, and the Company is well-positioned to succeed as a specialty player in the markets that are most likely to see the strongest growth.”