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Michael Steel Appointed To CAS Board

ARLINGTON, Va.—The Casualty Actuarial Society (CAS) announced the appointment of Michael Steel, executive vice president and chief risk officer of AXIS Capital Holdings Limited, to its Board of Directors for a one-year term beginning in November 2011.
Michael Steel
Michael Steel

Ralph S. Blanchard III, current CAS president and incoming chair of the CAS Board of Directors said, “Michael Steel’s extensive experience in risk and capital management and focus on determining and implementing enterprise risk management concepts, methods, and tools for a global firm further broadens the expertise of the CAS Board. The perspective provided by non-actuaries on issues that come before the Board adds great value to our deliberations.”

Steel joined AXIS Capital in 2008 following 12 years at Benfield. He had been a director with Benfield Ltd. and Benfield Advisory where he was head of the Capital Market Group, chairman of the ReMetrics team, and head of Structured Products.

Previously, Steel had been a leading member of Instrat, Sedgwick Group’s Analytics and Structured Products team. He holds a BSc in statistics and mathematics from Brunel University.

AXIS Capital, the Bermuda-based holding company of the AXIS group of companies, provides specialty insurance and treaty reinsurance on a worldwide basis through operating subsidiaries and branch networks based in Bermuda, the U.S., Canada, the United Kingdom, Ireland, Switzerland, Australia, and Singapore.

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