AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has announced a planned leadership transition, with Vincent C. Tizzio taking over as the company’s new President and CEO.
The move, which was first announced in December 2022, was timed to coincide with the company’s Annual General Meeting held at its corporate headquarters in Bermuda on May 4th.
Tizzio succeeds longtime President and CEO Albert Benchimol, who will continue to serve as a strategic advisor to the company until year-end.
Tizzio joined AXIS in January 2022 as Senior Advisor – Insurance Market Strategy and future Insurance CEO, reporting directly to Benchimol.
In June 2022, he was promoted to CEO Specialty Insurance and Reinsurance, overseeing all business lines and front-end operations.
“Vince is a stellar leader who brings the vision, expansive specialty underwriting knowledge, and passion needed to take our Company to the next level,” said Henry Smith, Chair of the AXIS Board of Directors. “The Board and I are grateful to Albert Benchimol for the leadership that he brought to AXIS for close to 13 years.”
In a statement, Tizzio expressed his gratitude for the opportunity to lead AXIS and build on the foundation established by Benchimol and the team.”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,” Tizzio said.
“In the current dynamic market, there is a greater need than ever for the tailored specialty insurance products and services that we offer,” Tizzio added.
“In Vince we have a fantastic leader who has the vision and ability to take AXIS to even greater levels of success,” Benchimol said.