Axis Capital Holdings Limited has announced the appointment of Michael Millegan and Axel Theis to the company’s board of directors, effective 1 April.
Millegan has been appointed to the board’s audit and compensation committees, while Theis will serve on its audit and risk committees.
The company has said the move is part of a “multi-year succession planning strategy to ensure there is a balance between longer-tenured directors and perspectives of newer directors”.
With the addition of Millegan and Theis, the board of directors will consist of eleven members, 10 of whom are independent. Over the past 18 months, the company has added four new people to the board.
Henry Smith, chairman of Axis Capital said: “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 organisations.
“Their insights will be invaluable in guiding and challenging the company to further accelerate its progress and drive profitable growth.”
Millegan added: “The reinsurance 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.”