AXIS Insurance coverage CEO to depart in 2022; new head named
“I couldn’t be more proud of the work AXIS Insurance has done over the past eight years – we’ve made tremendous strides in strengthening the business,” said Wilson. “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.”
In his initial role as Senior Advisor – Insurance Market Strategy, Tizzio will report to Albert Benchimol, President and CEO of AXIS, and serve as a strategic advisor to the Executive Committee. He will not assume any direct reporting or profit and loss responsibility for the Insurance segment until June 1, when he moves to the role of CEO of AXIS Insurance.
Prior to joining AXIS, Tizzio was Executive Vice President and Head of Global Specialty at The Hartford. In that capacity, he ran a multi-billion dollar company focused on supplying a wide range of specialty products through wholesale and retail channels. Tizzio was President and CEO of the US Navigators Management Company for seven years and held several leadership positions at Zurich Financial Services and AIG.
“Vince is a highly skilled executive with extensive and varied expertise in specialty insurance,” said Benchimol. “He has a proven track record of delivering profitable business results and creating value for his key stakeholders – and he is a people leader who builds a strong corporate culture. He will be a great asset to our company and our customers. “
Benchimol also praised outgoing CEO Wilson and thanked him for his longstanding strong leadership and support in leading a smooth leadership change this year. He said: “Under Peter’s leadership we have improved our insurance portfolio, built a positive culture based on customer service and trust, and laid an exciting foundation for the future. We have a year behind us in which AXIS Insurance has continued to improve its performance and we are confident that the business is well positioned to build on this momentum. “
Commenting on his appointment, Tizzio said, “AXIS Insurance is a deeply respected brand known for expertise, integrity and customer service. I couldn’t be more excited to be part of the organization. AXIS has made great strides in strengthening the insurance business over the past few years and I look forward to helping the segment continue to realize its significant potential. “