Marsh alum Preston moves to Axis Insurance

Marsh alum Preston moves to Axis Insurance | Insurance Business Canada

Insurance News

Marsh alum Preston moves to Axis Insurance

He takes charge of energy, transportation, and agribusiness

Insurance News

By
Terry Gangcuangco

Axis Insurance Managers has announced the addition of Ben Preston (pictured) to its leadership team. Preston joins the firm as senior vice president of energy, transportation, and agribusiness, bringing over two decades of industry experience to his new role.

Preston’s career began at a specialized firm in the oil & gas industry, where he quickly advanced from administrative tasks to managing some of the company’s most significant accounts, providing him with a solid understanding of client needs and the ability to deliver customized solutions.

Transitioning to Marsh, Preston worked in business development before leading the SME team at the Calgary office. He later became senior vice president and senior relationship officer, managing a $4 million revenue portfolio that included offshore captive insurance companies and large onshore oil & gas contractors.

Preston’s previous responsibilities included advising on global coverage, calculating premiums, structuring collateral, and overseeing international project teams.

His new role at Axis Insurance will see him spearheading regional development efforts across Alberta and the prairies, focusing on the energy, transportation, and agribusiness sectors. He aims to help clients manage complex risks with clear, innovative solutions while continuing his commitment to excellent client service.

Preston’s arrival follows Axis Insurance’s significant growth investment from funds managed by middle-market investment firm Lee Equity Partners.

The investment partnership aims to position Axis Insurance for sustained growth and aligns well with the company’s current shareholders. Under the deal, Axis Insurance founder and chief executive Alex Meier maintained the majority of his equity stake.

“We have made great strides in building out an exceptional national business,” Meier said in June. The investment partnership with Lee Equity will provide an incredible opportunity to accelerate our growth and vision to be best-in-class in every category of our industry.”

What do you think about this story? Share your thoughts in the comments below.