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Axis Capital Holdings Ltd. on Tuesday said Albert Benchimol will retire as president and CEO of the company in May 2023 and will be succeeded by Vincent Tizzio, who is currently CEO of its specialty insurance and reinsurance division.
Mr. Tizzio joined the Bermuda-based insurer and reinsurer in January from Hartford Financial Services Group Inc., where he was an executive vice president and head of global specialty.
He will remain a strategic adviser to the company until year-end 2023, when his employment agreement ends, an Axis statement said.