AXIS Appoints Michael Millegan and Axel Theis to Board of Directors
February 25, 2021 at 09:00 AM EST
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today announced that Michael Millegan and Axel Theis have been named to the Company’s Board of Directors, effective April 1. Mr. Millegan has been appointed to the Board’s Audit and Compensation Committees and Dr. Theis will serve on its Audit and Risk Committees.
“Michael and Axel are respected and accomplished global business leaders who each bring tremendous wisdom and perspective, gleaned from their years of experience working at the highest levels of world class organizations,” said Henry Smith, Chairman of AXIS Capital. “Their insights will be invaluable in guiding and challenging the Company to further accelerate its progress and drive profitable growth.”
Added Mr. Smith, “We will benefit from Michael’s deep leadership expertise which crosses digital technology and platforms, cyber security, supply chain management, and sales and marketing. Axel brings a wealth of insurance industry knowledge including an expansive understanding of the global P&C space.”
The appointment of Mr. Millegan and Dr. Theis to the AXIS Board is part of a multi-year succession planning strategy to ensure there is balance between longer-tenured directors and perspectives of newer directors. With the addition of Mr. Millegan and Dr. Theis, the Board of Directors will consist of eleven members, ten of whom are independent. Over the past 18 months, the Company has added four new Directors to the Board.
“The (re)insurance industry is going through a period of digital transformation that is impacting all aspects of how carriers do business. I look forward to working with AXIS leadership to help the Company further leverage data and technology to advance its business priorities,” added Mr. Millegan.
“AXIS is a company with great potential and significant positive momentum in its core underwriting performance. I look forward to working with the Board and AXIS management team to build upon the significant work that has been done, and help take the business to the next level,” said Dr. Theis.
About Michael Millegan
About Axel Theis
About AXIS Capital