The chief executive and President of Axis Capital, John Charman, has decided to retire...
The chief executive and president of Axis Capital, John Charman, has decided to retire at the end of December 2008 when his existing employment agreement expires.
Charman advised the company that his decision is the result of his divorce proceeding currently pending in the United Kingdom.
Michael Butt, chairman of Axis Capital, said: “Since the inception of Axis, our board of directors has reviewed senior management succession annually and the company has developed a very strong and deep management group. Of course, 2009 is some time away.
"Meanwhile, John remains totally committed to the company, our strategy remains unchanged and I look forward to continuing to implement it with him.”
