left the company in March 2001 due to personal differences. He was paid £3,597,241 in lieu of notice, and £500,000 in a one-off pension contribution. Charman immediately set up Axis Capital, a Bermuda-based reinsurance and insurance business with offices in London, Dublin, Zurich and New York that is listed on the NYSE. The company aimed to cash in on the surge in insurance premiums after the 11 September terrorist attacks. In the financial year 2005 he was paid $7,741,762, and had stock options of $42,027,204 in Axis. Charman has informed the company that he will retire at the end of December 2008, he finally left Axis in 2012. In May 2013 he became CEO and Chairman of Endurance Specialty Holdings, another NYSE-listed, Bermuda-based reinsurance and insurance business with offices in Bermuda, London, Singapore, Zurich, New York and other locations. He invested $30'000'000 of his private fortune in Endurance at the beginning of his tenure. Divorce Charman met his ex-wife Beverly in 1969 at school. When they married in 1976, neither had significant resources and the couple lived initially in her parents' home, and then in his mother's home in Strood near Rochester, Kent. The couple eventually moved to Sevenoaks, where they bought a home now worth £2.75 million. The couple have two children: Nicholas (born 1981) and Michael (born 1986). As Charman's wealth built, the couple created the Bermuda-based Dragon Trust in 1987, which by 2006 had grown to a value of £65 million. The aim of the trust was according to Charman in his court papers agreed by the couple to preserve wealth for future generations. After failing to secure a new house in England, in November 2003 Charman told his magistrate wife that he was taking up permanent residence in Bermuda and that their marriage was over. He has since set up home in a £2.1 million home in Bermuda, and has started a relationship with another woman, and American by the name of Lorraine Stapleton, to whom he is now married. Charman initially offered his ex-wife their home in Sevenoaks plus £6 million cash, but Mrs Charman, who was represented by Helen Ward, of Manches, argued that the length of the marriage together with her substantial contributions did not justify such a significant departure from equality. Charman eventually offered his wife a package valued at £20 million. However, his wife still believed that the sum was not