New CEO takes reins at AXIS Capital

AXIS Capital Holdings has introduced that Vincent C. Tizzio has assumed the function of president and CEO of the corporate.

Tizzio formally assumed the function Thursday, timed to coincide with the corporate’s annual normal assembly at its headquarters in Bermuda.

Tizzio’s promotion to president and CEO was introduced in December. He succeeds longtime AXIS president and CEO Albert Benchimol, who will proceed to function a strategic advisor to the corporate by means of the tip of the 12 months.

“On behalf of the board of directors and our entire team at AXIS, we couldn’t be more excited to name Vince as the company’s president and CEO,” mentioned Henry Smith, chair of the AXIS board of administrators. “Vince is a stellar chief who brings the imaginative and prescient, expansive specialty underwriting information, and keenness wanted to take our firm to the following stage. He can be a superb folks chief who completely embodies the corporate’s tradition and values.

“I’m deeply honored to be named president and CEO of AXIS and to have the opportunity to build on the foundation established by Albert and the team,” Tizzio mentioned. “I express my gratitude to Albert, Henry, the board of directors, and our colleagues worldwide for placing their trust in me. It’s my strong belief that we are only just beginning to tap into our potential as a great underwriting company that stands apart for the specialty expertise and acumen of our people and the value that we provide to our customers. In the current dynamic market, there is a greater need than ever for the tailored specialty insurance products and services that we offer.”

“Serving as president and CEO of AXIS has been the highlight of my career,” Benchimol mentioned. “Words cannot express the gratitude that I feel towards my colleagues at AXIS, as well as to our brokers and partners, for their partnership, commitment and friendship. I’m proud of all that we accomplished and excited for the future that stands before AXIS. In Vince we have a fantastic leader who has the vision and ability to take AXIS to even greater levels of success.”

“The board and I are grateful to Albert Benchimol for the leadership that he brought to AXIS for close to 13 years,” Smith mentioned. “Under Albert’s direction, AXIS transformed and refocused as a specialty leader, cultivating a strong and vibrant workplace culture, while taking crucial steps forward in building a pathway to lasting, profitable growth.”

Have one thing to say about this story? Let us know within the feedback under.