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AXIS Names Stan Galanski to Its Board of Directors
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management
Rhea-AI Summary
AXIS Capital Holdings Limited (AXS) appoints Stan Galanski, a seasoned industry expert, to its Board of Directors, emphasizing his extensive experience in the property and casualty space and global specialty insurance. With a history of driving underwriting excellence and operational transformation, Mr. Galanski's appointment reflects the company's commitment to advancing its ambition to be a specialty underwriting leader.
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PEMBROKE, Bermuda--(BUSINESS WIRE)--
AXIS Capital Holdings Limited (“AXIS Capital” or “AXIS” or the “Company”) (NYSE: AXS), today announced that it has appointed Stan Galanski to the Company’s Board of Directors. Effective January 1, 2024, Mr. Galanski will join the Board and will serve on its Risk Committee.
“Stan is an outstanding addition to our Board of Directors, bringing more than 40 years of experience in the property and casualty space as a public company CEO and with C-Suite roles at leading major and mid-size insurance carriers,” said Henry Smith, Chair of the Board of Directors at AXIS. “We will benefit from his experience guiding companies to drive underwriting excellence and operational transformation, as well as his deep knowledge of the specialty insurance space on a global scale.”
Mr. Galanski most recently served as President and CEO of The Navigators Group, a NASDAQ-listed global specialty insurer that he grew from $150 million in premiums to $2 billion, while leading the Company from 2003 until its 2019 acquisition by The Hartford. Previously he served for two years as CEO of Intercargo Corporation, a global NASDAQ-listed specialty insurer, until its sale to XL Capital in 1999. Mr. Galanski’s prior roles include two years as President of New Hampshire Insurance Company – an AIG subsidiary, as well as 15 years at Chubb in various management and underwriting roles.
“It is a privilege to serve on the Board of AXIS, a company with a proud history in specialty insurance, strong accelerating positive momentum in its performance, and the potential for significant profitable growth,” said Mr. Galanski. “I look forward to applying my background in underwriting, operations, and transformation to support the Company in advancing its ambition to be a specialty underwriting leader.”
Mr. Galanski’s appointment reflects a multi-year succession planning strategy to ensure balance between longer-tenured directors and perspectives of newer directors. With the addition of Mr. Galanski, the Board will consist of twelve members, eleven of whom are independent. Over the past six years, the Company has added nine new Directors to the Board (including Mr. Galanski).
About AXIS
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $5.0 billion at September 30, 2023, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
Who has AXIS Capital Holdings Limited appointed to its Board of Directors?
AXIS Capital Holdings Limited has appointed Stan Galanski to its Board of Directors.
What is Stan Galanski's background and experience?
Stan Galanski brings more than 40 years of experience in the property and casualty space as a public company CEO and with C-Suite roles at leading major and mid-size insurance carriers. He most recently served as President and CEO of The Navigators Group, a NASDAQ-listed global specialty insurer.
How will Stan Galanski's appointment benefit AXIS Capital?
Stan Galanski's experience in guiding companies to drive underwriting excellence and operational transformation, as well as his deep knowledge of the specialty insurance space on a global scale, will benefit AXIS Capital in advancing its ambition to be a specialty underwriting leader.
What is the composition of AXIS Capital's Board of Directors?
The Board of Directors of AXIS Capital will consist of twelve members, eleven of whom are independent. With the addition of Mr. Galanski, the company has added nine new Directors to the Board over the past six years.
axis is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, backed by the exceptional financial strength and solid claims-paying ability of the axis insurance companies, rated “a+” (strong) with a stable outlook by standard & poor’s and “a+” (superior) xv with a stable outlook by a.m. best. our highly experienced underwriting, claims, modeling and actuarial teams in bermuda, australia, canada, europe, latin america, singapore and the united states have a breadth and depth of knowledge that distinguishes axis as a provider of choice. axis’s ethical, entrepreneurial, and disciplined culture promotes outstanding client service and intelligent risk taking. axis insurance provides customized property, casualty, professional lines and other specialty coverage across the globe through wholesale and retail brokers, and managing general underwriters. http://www.axiscapital.com/en-us/insurance
