AXIS Appoints W. Marston Becker as Chair-Elect of Board of Directors
February 29 2024 - 9:15AM
Business Wire
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today
announced that W. Marston (Marty) Becker will succeed Henry B.
Smith as non-executive Chair of its Board of Directors. Mr. Smith,
who has served as Chair since May of 2020, has decided to
transition from the Chair role and will continue to maintain a seat
on the Board. The transition will take place in May of 2024, timed
to the Company’s Annual General Meeting.
“There is no better individual to succeed me as Chair of the
AXIS Board of Directors than Marty Becker. Over the past four
years, the Company has benefitted enormously from Marty’s wisdom,
and deep understanding of the specialty property and casualty
space,” said Mr. Smith. “Marty brings first-hand experience leading
carriers to transform their businesses while driving shareholder
value creation. His guidance as Chair will be integral as AXIS
takes further steps forward in realizing its ambition to achieve
specialty leadership.”
Mr. Becker, who joined the AXIS Board of Directors in June of
2020, has led a distinguished career in the (re)insurance industry
spanning four decades. He has held numerous Chair and CEO roles for
publicly traded and private insurance, reinsurance, and insurance
brokerage organizations in Bermuda, the United Kingdom, the United
States, and Australia (see bio below).
“On behalf of the entire Board, thank you to Henry Smith for his
tremendous leadership these past four years as our Chair, which
marked a period of significant positive transformation for AXIS,”
said Mr. Becker. “It is a privilege to succeed Henry as Chair, and
to continue to serve with him, as we further support the
significant progress that AXIS has made in elevating all aspects of
its business. Under CEO Vince Tizzio, the Company is headed on a
strong path and I look forward to working closely with Vince and my
fellow Directors, as well as the AXIS team to continue to build on
the exciting momentum that has been achieved.”
“Our team at AXIS is deeply appreciative of Henry for his
leadership as Chair and continued service on our Board. Moreover, I
have tremendous gratitude for Henry’s support and counsel as I
transitioned into the CEO role,” said Mr. Tizzio. “I look forward
to working closely with Marty in his new capacity, and our
leadership team will profit significantly from his counsel and
expansive knowledge of our industry.”
About W. Marston Becker
Mr. Becker’s leadership experience spans insurance, reinsurance,
and insurance brokerage organizations in the United States and
internationally, as well as insurance-related private equity,
advisory, and investment banking roles. He is the immediate past
Chairman of the Board of QBE Insurance Group, a top 15 global
property and casualty insurer. He was appointed to the QBE Board in
2013, became Chair in 2014, and served until March of 2020. Prior
to this, he served as Chairman and CEO at Alterra Capital Limited
and its predecessors from 2006 to 2013.
Since 2022, Mr. Becker has served as Chairman of both MVB
Financial Corporation and its subsidiary, MVB Bank, a multi-state
community bank with a national presence in fintech banking, and a
forward-thinking model that goes beyond traditional banking. In
addition, he serves on several boards in the financial services,
manufacturing, and non-profit sectors: Director of Encova Mutual
Insurance; Director of Amynta Group; Advisory Board member of
private equity funds American Securities, Cohesive Capital, and
Madison Dearborn Partners; Director of The Mountain Companies;
Director of the West Virginia Chamber of Commerce; and Board Member
of the Clay Center for the Arts and Sciences.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global
specialty underwriter and provider of insurance and reinsurance
solutions. The Company has shareholders’ equity of $5.3 billion at
December 31, 2023, and locations in Bermuda, the United States,
Europe, Singapore and Canada. Its operating subsidiaries have been
assigned a financial strength rating of "A+" ("Strong") by Standard
& Poor’s and "A" ("Excellent") by A.M. Best. For more
information about AXIS Capital, visit our website at
www.axiscapital.com.
Follow AXIS Capital on LinkedIn and X Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20240229973607/en/
Investor Contact Cliff Gallant +1 (415) 262-6843
investorrelations@axiscapital.com
Media Contact Nichola Liboro +1 (212) 940 3394
nichola.liboro@axiscapital.com
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