International specialty underwriter and supplier of re/insurance coverage options, AXIS Capital has introduced the appointment of W. Marston (Marty) Becker as non-executive Chair of its Board of Administrators.
Becker will take over the place in Might 2024, timed to the corporate’s Annual Normal Assembly, succeeding Henry B. Smith, who has served as Chair since Might of 2020 and has determined to transition from his function, however will proceed to keep up a seat on the Board.
Smith commented: “There is no such thing as a higher particular person to succeed me as Chair of the AXIS Board of Administrators than Marty Becker. Over the previous 4 years, the corporate has benefited enormously from Marty’s knowledge, and deep understanding of the specialty property and casualty area.
“Marty brings first-hand expertise main carriers to remodel their companies whereas driving shareholder worth creation. His steerage as Chair shall be integral as AXIS takes additional steps ahead in realising its ambition to attain specialty management.”
Becker, who joined the AXIS Board of Administrators in June of 2020, has led a distinguished profession within the re/insurance coverage business spanning 4 a long time.
He at the moment is the rapid previous Chairman of the Board of QBE Insurance coverage Group. Having been appointed to the QBE Board in 2013, grew to become Chair in 2014, and served till March of 2020.
Previous to this, he served as Chairman and CEO at Alterra Capital Restricted and its predecessors from 2006 to 2013.
By way of his profession, Becker has held quite a few Chair and CEO roles for publicly traded and personal insurance coverage, reinsurance, and insurance coverage brokerage organisations in Bermuda, the UK, the US, and Australia.
“On behalf of the complete Board, thanks to Henry Smith for his large management these previous 4 years as our Chair, which marked a interval of great constructive transformation for AXIS,” stated Becker.
Including: “It’s a privilege to succeed Henry as Chair, and to proceed to serve with him, as we additional assist the numerous progress that AXIS has made in elevating all features of its enterprise. Underneath CEO Vince Tizzio, the Firm is headed on a robust path and I look ahead to working intently with Vince and my fellow Administrators, in addition to the AXIS staff to proceed to construct on the thrilling momentum that has been achieved.”
Commenting on Becker’s appointment, Vincent C. Tizzio, President and CEO of AXIS Capital, stated: “Our staff at AXIS is deeply appreciative of Henry for his management as Chair and continued service on our Board. Furthermore, I’ve large gratitude for Henry’s assist and counsel as I transitioned into the CEO function.
“I look ahead to working intently with Marty in his new capability, and our management staff will revenue considerably from his counsel and expansive information of our business.”
