AXIS Announces Leadership Transition Within Insurance Segment
05 Januar 2022 - 3:00PM
Business Wire
AXIS Insurance CEO Peter Wilson to Depart
Company at End of Year; Vincent C. Tizzio Appointed Senior Advisor
– Insurance Market Strategy and Future CEO of AXIS
Insurance
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today
announced a planned executive transition within the Insurance
segment. Specifically:
- Peter Wilson, currently CEO of the Insurance Segment, will
depart AXIS at the end of the year, timed to the completion of his
contract.
- Vincent C. Tizzio has joined the Company as Senior Advisor –
Insurance Market Strategy, effective immediately. He is reporting
to Albert Benchimol, President and CEO of AXIS, and is part of the
Company’s Executive Committee.
- Mr. Tizzio will become the CEO of AXIS Insurance on June 1,
2022.
- Following the transition, Mr. Wilson will continue with the
Company through December 31, 2022, on a consultative basis.
“I couldn’t be more proud of the work that AXIS Insurance has
accomplished over the past eight years – we’ve made tremendous
progress in strengthening the business. AXIS Insurance is set on a
strong course for the future and I look forward to working with
Vince in the coming months to ensure a smooth transition,” said Mr.
Wilson.
“We’re grateful to Peter for his years of leadership at AXIS and
for the achievements made under his watch, as well as for his
support in guiding a smooth transition. Under Peter’s leadership,
we have enhanced our Insurance portfolio, grown a positive culture
grounded in client service and trust and set an exciting foundation
for the future,” said Mr. Benchimol. “We’re coming off of a year
where AXIS Insurance further elevated its performance and are
confident the business is well-positioned to build on this
momentum.”
AXIS Appoints Vincent C. Tizzio As Senior Advisor – Insurance
Market Strategy
As Senior Advisor – Insurance Market Strategy, Mr. Tizzio will
serve as a strategic counselor to Mr. Benchimol. He will not have
direct reports or profit and loss responsibility for the Insurance
Segment until he transitions to the CEO of AXIS Insurance role on
June 1.
Mr. Tizzio is a respected industry leader with a proven track
record of success at both large global and mid-sized carriers. Mr.
Tizzio most recently served as Executive Vice President and Head of
Global Specialty at The Hartford and, prior to that, as President
and CEO of U.S.-based Navigators Management Company.
“Vince is a highly accomplished leader with deep and varied
expertise in specialty insurance. He has a proven track record of
driving profitable business results and delivering value to his
core stakeholders – and he is a people leader who builds strong
organizational cultures. He will be a great asset to our company
and to our customers,” said Mr. Benchimol.
“AXIS Insurance has a deeply respected brand and one that is
known for expertise, integrity and client service. I couldn’t be
more excited to be part of the organization,” said Mr. Tizzio. “In
recent years, AXIS has made great progress in strengthening its
Insurance business and I look forward to helping the segment
further tap into its significant potential.”
In his role at The Hartford, Mr. Tizzio led a multi-billion
dollar business focused on delivering a broad array of specialty
products through wholesale and retail channels. Previously, he had
served for seven years as President and CEO of Navigators
Management Company, leading the organization until its acquisition
by The Hartford in 2019. Prior to this, Mr. Tizzio worked at Zurich
Financial Services and AIG, serving in progressive senior
leadership roles within both companies.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global
provider of specialty lines insurance and treaty reinsurance with
shareholders' equity of $5.3 billion at September 30, 2021, and
locations in Bermuda, the United States, Europe, Singapore and
Canada. Its operating subsidiaries have been assigned a rating of
"A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by
A.M. Best. For more information about AXIS Capital, visit our
website at www.axiscapital.com.
Follow AXIS Capital on LinkedIn and Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20220105005217/en/
Investor Contact Matt Rohrmann AXIS Capital Holdings
Limited investorrelations@axiscapital.com (212) 940-3339
Media Contact Joe Cohen AXIS Capital Holdings Limited
joseph.cohen@axiscapital.com (212) 715-3524
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