AXIS Capital announces new CFO

Bermuda-based specialty lines re/insurance provider AXIS Capital has said that its chief financial officer Joseph Henry will retire at the end of 2017 and that he will be replaced by AXIS Insurance chief operating officer Peter Vogt.

Henry was CFO at AXIS for the past five years. He will continue to serve as an advisor to the company.

“During his five years at AXIS, Joe has made immeasurable contributions to our organization,” said president and CEO of AXIS Capital Albert Benchimol. “He has been pivotal in helping significantly strengthen our fiscal strategy while serving as a respected leader and valued counsellor to many in our organization. On behalf of all of AXIS, we are deeply grateful for Joe’s exceptional leadership and his friendship.”

Vogt will take on the new role from January 1, 2018. He brings more than 30 years of insurance industry experience with over 20 years in executive management roles spanning both finance and operations at leading financial services organizations. He has been a senior leader within the AXIS organization since 2010. In addition to his role as AXIS Insurance COO since 2013, Vogt had previously served for more than two years as CFO and COO of AXIS’ Accident & Health business unit.

He joined AXIS from Penn Mutual Life Insurance Company where he served as chief financial officer. Prior to Penn Mutual, he served as chief financial officer of CIGNA’s Group Insurance business.

“Pete is accomplished in driving performance across diverse insurance businesses in both financial and operational leadership roles, and he has a deep understanding of AXIS’ business, given his COO positions in both our Insurance and A&H business units,” said Benchimol. “He is a highly-respected leader within the AXIS organization who embodies our culture and values, and his appointment reflects our commitment to cultivating our top talent and growing from within.”

Today’s stories

Hannover Re CEO shows optimism for P&C business

AXA to float its US operations

Lemonade expands insurance offering to California

Insurers face stretched balance sheets from cyber aggregation

800 jobs to be cut in Standard Life and Aberdeen merger

Aon hires leader of cyber solutions and CEO of Stroz Friedberg

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.