Vincent C. Tizzio assumes the function from longtime president and CEO Albert Benchimol
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 basic assembly at its headquarters in Bermuda.
Tizzio’s promotion to president and CEO was announced 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 yr.
“On behalf of the board of administrators and our whole workforce at AXIS, we couldn’t be extra excited to call Vince as the corporate’s president and CEO,” stated Henry Smith, chair of the AXIS board of administrators. “Vince is a stellar chief who brings the imaginative and prescient, expansive specialty underwriting data, and keenness wanted to take our firm to the subsequent stage. He’s additionally 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 chance to construct on the inspiration established by Albert and the workforce,” Tizzio stated. “I categorical my gratitude to Albert, Henry, the board of administrators, and our colleagues worldwide for putting their belief in me. It’s my sturdy perception that we’re solely simply starting to faucet into our potential as an awesome underwriting firm that stands aside for the specialty experience and acumen of our folks and the worth that we offer to our clients. Within the present dynamic market, there’s a larger want than ever for the tailor-made specialty insurance coverage services and products that we provide.”
“Serving as president and CEO of AXIS has been the spotlight of my profession,” Benchimol stated. “Phrases can not categorical the gratitude that I really feel in the direction of my colleagues at AXIS, in addition to to our brokers and companions, for his or her partnership, dedication and friendship. I’m happy with all that we completed and excited for the longer term that stands earlier than AXIS. In Vince we now have a improbable chief who has the imaginative and prescient and skill to take AXIS to even larger ranges of success.”
“The board and I are grateful to Albert Benchimol for the management that he dropped at AXIS for near 13 years,” Smith stated. “Underneath Albert’s course, AXIS remodeled and refocused as a specialty chief, cultivating a robust and vibrant office tradition, whereas taking essential steps ahead in constructing a pathway to lasting, worthwhile development.”
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