Video: Axis Capital CEO On Market Opportunities
Albert Benchimol, CEO of Bermuda-based Axis Capital Holdings Ltd., appeared in a recent episode of A.M. BestTV, to discuss market opportunities he sees for his company and the industry as a whole, such as using excess capital to take on new risks, or the potential to privatize government functions.
A.M. Best said, “Mr Benchimol believes it’s essential to apply its capital – especially with the rise of alternative capital and increased competition – to new economic sectors.
“Cyber liability and business contingency are two obvious areas, Benchimol said, as well as an increased role with in public insurance facilities, replacing the government on flood coverage, wind pools and terrorism.
“Regulation is also at the top of Mr Benchimol’s mind, but he cautioned against overlapping layers of regulation “that do not speak well to each other.”
Mr Benchimol was appointed President and Chief Executive Officer of AXIS Capital Holdings Limited in May 2012 and has served as a director since January 2012.
He joined the Company as Executive Vice President and Chief Financial Officer in January 2011. He formerly served as Executive Vice President and Chief Financial Officer of PartnerRe Ltd. from 2000 through 2010.
Prior to joining PartnerRe, Mr. Benchimol was Senior Vice President and Treasurer at Reliance Group Holdings, Inc. for 11 years and was previously with the Bank of Montreal from 1982 to 1989.
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