AXIS bolsters board to drive growth

Bermuda-based specialty re/insurer AXIS Capital Holdings has expanded its board of directors with the addition of Barbara Yastine.

Yastine was previously the CEO at Ally Bank and also served in the chief financial officer (CFO) role at Credit Suisse First Boston and in Citigroup’s Global Corporate and Investment Bank.

AXIS said the board appointed Yastine following an "extensive search". Yastine’s appointment increases the size of the AXIS Capital board to 11 members, nine of whom are independent directors. She will also join the board’s audit committee from September.

“Barbara is an exceptional addition to our board. She is a leader who brings deep knowledge and perspective of financial services and risk management and is well-attuned to the trends that are reshaping the marketplace,” said Michael Butt, chairman of AXIS Capital’s board of directors. “AXIS will benefit significantly from Barbara’s counsel, including her understanding of how to drive profitable growth through innovation.”

Yastine commented: “With big data, new technologies and innovation reshaping the re/insurance industry, there is a unique opportunity for AXIS to leverage this change to its advantage. I look forward to working with the board of directors and AXIS leadership to help the company tap into its significant potential.”

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