Axis has extended the contract of its chief executive Albert Benchimol by a further five years.
As a result, the executive is now set to remain as CEO of the Bermudian carrier until the end of 2023.
Benchimol became president and CEO of Axis in May 2012 and has served as a director since January 2012. He joined the company as executive vice president and chief financial officer (CFO) in January 2011.
Prior to that, he was CFO of PartnerRe for a decade. During his career, he also spent 11 years as senior vice president and treasurer at Reliance Group Holdings and was with the Bank of Montreal from 1982 to 1989.
The extension of Benchimol’s term was revealed alongside Cheryl-Ann Lister’s decision to retire from Axis’ board of directors as of 31 December 2018.