PEMBROKE, Bermuda - AXIS Capital Holdings Limited (NYSE:AXS) has announced that W. Marston (Marty) Becker will take over as non-executive Chair of its Board of Directors in May 2024, during the company’s Annual General Meeting.
Becker will succeed Henry B. Smith, who has been in the role since May 2020 and will remain on the board. He joined the AXIS Board of Directors in June 2020, bringing with him a wealth of experience from a career spanning four decades in the (re)insurance industry.
Becker has held numerous leadership positions, including Chair and CEO roles across various insurance, reinsurance, and brokerage organizations in Bermuda, the United Kingdom, the United States, and Australia.
Smith praised Becker's contributions to the company, stating that AXIS has "benefitted enormously from Marty’s wisdom, and deep understanding of the specialty property and casualty space." He also highlighted Becker's proven track record in leading carriers to evolve their businesses and drive shareholder value.
Becker expressed gratitude for Smith's leadership and looked forward to continuing the progress AXIS has made under CEO Vince Tizzio's direction. Tizzio also expressed appreciation for Smith's guidance and is eager to work with Becker, anticipating that his extensive industry knowledge will greatly benefit the leadership team.
With shareholders’ equity of $5.3 billion as of December 31, 2023, AXIS Capital is a global specialty underwriter providing insurance and reinsurance solutions. The company operates in multiple locations, including Bermuda, the United States, Europe, Singapore, and Canada, and holds strong financial strength ratings from Standard & Poor’s and A.M. Best.
This leadership change is based on a press release statement from AXIS Capital Holdings Limited.
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