The first insurance coverage arm of Bermuda-based Axis Capital Holdings Restricted has introduced that its Chief Government Officer (CEO), Peter Wilson, will step down from his function on the finish of the yr and will probably be succeeded by Vincent Tizzio.
Wilson’s departure coincides with the completion of his contract with AXIS, with Tizzio set to take over as CEO of AXIS Insurance coverage on June 1, 2022.
Following the management change, Wilson will stay with the agency till December 31, 2022.
“I couldn’t be extra pleased with the work Axis Insurance coverage has completed over the previous eight years – we have now made super progress in strengthening the enterprise,” Wilson mentioned. “Axis Insurance coverage is poised on a robust course for the long run and I stay up for working with Vince to make sure a clean transition over the approaching months.”
Albert Benchimol, President and CEO of Axis, mentioned: “We’re grateful to Peter for his years of management at Axis and for the achievements he has made underneath his supervision, in addition to for his assist in guiding a clean transition. Peter Below our management, we have now grown our insurance coverage portfolio, developed a optimistic tradition based mostly on customer support and belief, and laid an thrilling basis for the long run.
“We’re coming off a yr the place Axis Insurance coverage has additional enhanced its efficiency and we consider the enterprise is effectively positioned to construct on this momentum.”
Efficient instantly, Tizio has joined Axis Insurance coverage as Senior Advisor – Insurance coverage Market Technique and is a part of its Government Committee.
On this function, he’ll function Benchimol’s strategic advisor, however won’t be liable for direct reporting or revenue and loss for Axis Insurance coverage till June 1.
Tizio joins the corporate from his most up-to-date function as Government Vice President (EVP) and Head of International Specialty at The Hartford, the place he led a multi-billion greenback enterprise targeted on offering a variety of specialty merchandise. was targeted.
Earlier in his profession, he served as Chairman and CEO of Navigator Administration Firm for seven years, main the agency till it was acquired by The Hartford in 2019.
He has held management roles at each Zurich Monetary Companies and AIG.
“Vince is a extremely expert chief with deep and various experience in specialised insurance coverage. He has a confirmed monitor file of driving worthwhile enterprise outcomes and delivering worth to his core stakeholders – and he’s a pacesetter who builds robust organizational cultures. He will probably be an amazing asset to our firm and our prospects,” Benchimol mentioned.
Commenting on his new function, Tizio mentioned: “Axis Insurance coverage is a extremely revered model and identified for experience, integrity and customer support. I couldn’t be extra excited to be part of the group.
“In recent times, Axis has made nice strides in strengthening its insurance coverage enterprise and I stay up for serving to this section additional faucet its important potential.”