AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today
announced that the Company’s Board of Directors has appointed Thomas C.
Ramey and Wilhelm Zeller to its Board as independent directors. Both
will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to
welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of
Directors. Both individuals bring a wealth of experience through their
distinguished careers in the international property and casualty
insurance and reinsurance marketplace, and they join an exceptionally
talented Board comprised of some of the most veteran business leaders
today. AXIS Capital will benefit enormously from the experience of our
new Board members as leaders in our sector while we continue to
strengthen our leading global specialty insurance and reinsurance
platform. We look forward to their contributions as members of AXIS
Capital’s Board of Directors.”
Mr. Ramey was Chairman and President of Liberty International, a wholly
owned subsidiary of Liberty Mutual Group, from 1997 to 2009.
Additionally, Mr. Ramey served in the post of Executive Vice President
of Liberty Mutual Group from 1995 through 2009. Prior to joining
Liberty, he was President and CEO of American International Healthcare,
a subsidiary of AIG, and founder and President of an international
healthcare trading company. Mr. Ramey is currently a Trustee of the
Brookings Institution and a Director of The Warranty Group, the
International Insurance Society and the Coalition of Service Industries.
He also serves as a member of the Chongqing Mayor’s International
Economic Advisory Council and Chairman of the International Fund for
Animal Welfare. He holds a Masters degree from Tulane University.
Mr. Zeller was Chairman of the Executive Board of Hannover Re from 1996
through his retirement from the company on June 30, 2009. Prior to
joining Hannover Re, Mr. Zeller was a member of the Executive Board of
Cologne Re from 1977 through 1995 and, in 1995, a member of the
Executive Council of General Re Corporation. From 1970 through 1977, Mr.
Zeller served as the Head of the Casualty Department and International
Department Non-Life at Zurich Insurance Company. He holds a Bachelor’s
degree in Business Administration, majoring in Insurance, from the
University of Applied Sciences in Cologne, Germany.
AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with shareholders’ equity at March 31,
2009 of $4.5 billion and locations in Bermuda, the United States,
Europe, Singapore, Canada and Australia. Its operating subsidiaries have
been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A”
(“Excellent”) by A.M. Best. AXIS Capital has been assigned a senior
unsecured debt rating of A- (stable) by Standard & Poor’s and Baa1
(stable) by Moody’s Investors Service. For more information about AXIS
Capital, visit our website at www.axiscapital.com.
Investor:
AXIS Capital Holdings Limited
Linda
Ventresca, 441-405-2727
info@axiscapital.com
or
Media:
Kekst
and Company
Joseph Kuo, 212-521-4863
joe-kuo@kekst.com
