AXIS Capital Holdings has announced that the Global Coverage Modern society (IIS) has inducted Michael Butt OBW, chairman of AXIS Cash, into the Insurance coverage Hall of Fame. Butt has also been named the 2019 Coverage Corridor of Fame Laureate and will be honored at the IIS Worldwide Insurance policy Forum’s Gala Awards, getting area in Singapore on June 20.
The Insurance plan Corridor of Fame acknowledges insurance coverage professionals who have manufactured broad and long lasting contributions to the business and who are recognized by their peers as leaders, innovators and visionaries.
“We are immensely happy that our chairman, Michael Butt, has been named the 2019 Insurance plan Corridor of Fame Laureate,” said Albert Benchimol, president and CEO of AXIS Cash. “Michael has been instrumental in a lot of of the essential developments in just the international reinsurance industry about the final 50 many years, which include the establishment of Bermuda as 1 of the world’s top hubs for specialty pitfalls. We are deeply indebted to Michael for his management at AXIS and his contributions to the world wide reinsurance market, and congratulate him on this effectively-deserved honor.”
Butt joined AXIS Funds as chairman of the board in 2002. He performed a pivotal part in guiding the business from a start-up to a best participant in the international specialty reinsurance room. He is the recipient of the Bermuda Insurance Institute Lifetime Award and many other field awards. Butt was also appointed as an officer of the Most Great Purchase of the British Empire (OBE) for his contributions to Bermuda.