Butt Leaves XL Capital Board
NU Online News Service, July 22, 4:14 p.m. EST?XL Capital Ltd, a provider of insurance and financial products based in Hamilton, Bermuda, announced today that Michael A. Butt is resigning from its board. Mr. Butt is due to be appointed as board chairman for Axis Specialty Limited in September.
Mr. Butt, who will continue to be based in Bermuda, has been a director for XL since 1998. He was president and chief executive officer of Mid Ocean Limited from 1993 to August 1998 when it was acquired by XL.
He also serves as a trustee with the Bermuda Biological Station for Research and is vice chairman of the Association of Bermuda International Companies.
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