Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has appointed Board member and former Chairman Michael A. Butt as non-executive Chairman of the Board of Directors.
He succeeds John R. Charman following the decision by the Board to replace him as Chairman. “Butt had served successfully as AXIS Capital’s chairman for almost ten years prior to the recent appointment of Mr. Charman to that position,” said the bulletin, adding that Butt “assures a thorough understanding of the role and priorities to be carried out by the Chairman of AXIS Capital.”
Charman was instrumental in the formation of AXIS
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