Young joins AXIS as Busher departs Montpelier

Alice Young, a partner at international law firm, Kaye Scholer and chairperson of the firm’s Asia Pacific practice, has joined the AXIS Capital board of directors.

Young has experience advising multinational entities and entrepreneurs on their business and investment activities in the US and Asia.

Michael Butt, chairman of Axis, said: “we are very delighted Alice has agreed to join our board where the breadth and scope of her international experience, particularly in the growth areas of the world, will be a great addition to our deliberations. We look forward to her contributions as an independent director.”

It has also been announced that Tom Busher will depart his post at Montpelier Re, where he served for 12 years in a variety of roles. Part of the founding management team, Busher has most recently held positions as deputy chairman, executive vice president and chief operating officer. Busher will retire at the close of 2013. He will continue to serve as chairman of Montpelier Underwriting Agencies.

Anthony Taylor, chairman of Montpelier, said: “Tom was Employee #1 when Montpelier was established and has worn many hats during his tenure with the company. He was been instrumental in all of the major initiatives which the Montpelier Group has undertaken over the last twelve years. I have valued both his management skills and his wise counsel. While the company will miss his day-to-day involvement with the group we very much welcome his continuation of service as non-executive chairman of Montpelier Underwriting Agencies.”