New CEO takes the reins of AXIS Capital

AXIS Capital Holdings has announced that Vincent C. Tizzio has assumed the role of president and chief executive officer of the company.

Tizzio officially took over the role on Thursday to coincide with the company’s annual general meeting at its Bermuda headquarters.

Tizzio’s promotion to president and chief executive officer was announced in December. He succeeds longtime AXIS President and CEO Albert Benchimol, who will continue to serve as the company’s strategic advisor through the end of the year.

“On behalf of the Board of Directors and our entire team at AXIS, we could not be more excited to name Vince as President and CEO of the company,” said Henry Smith, AXIS Chairman of the Board. “Vince is a stellar leader who brings the vision, extensive underwriting knowledge and passion to take our company to the next level. He is also an excellent people leader who perfectly embodies the culture and values ​​of the company.

“I am 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,” said Tizzio. “I express my gratitude to Albert, Henry, the board of directors and our colleagues around the world for placing their trust in me. I firmly believe that we are just beginning to realize our potential as a great subscription company that stands out for the specialized experience and insight of our people and the value we provide to our customers. In today’s dynamic marketplace, there is a greater need than ever for the personalized specialty insurance products and services we offer.”

“Serving as President and CEO of AXIS has been the highlight of my career,” said Benchimol. “Words cannot express the gratitude I feel to my colleagues at AXIS, as well as our brokers and partners, for their collaboration, commitment and friendship. I am proud of all that we have accomplished and excited for the future that lies ahead of 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 he has provided to AXIS for nearly 13 years,” Smith said. “Under Albert’s leadership, AXIS transformed and refocused as a dedicated leader, cultivating a strong and vibrant work culture while taking crucial steps to build a path to lasting and profitable growth.”

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