AXIS Capital CFO Henry to Retire; Vogt Named as Successor

AXIS Capital Holdings Ltd. announced that Chief Financial Officer Joseph Henry will retire at the end of 2017 after five years as CFO at AXIS, said the company in a statement.

The current AXIS Insurance Chief Operating Officer Peter Vogt will become CFO, effective Jan. 1, 2018. Vogt will be appointed deputy CFO in July through to the end of the year in order to facilitate the transition.

Vogt brings more than 30 years of insurance industry experience with more than 20 years in executive management roles, spanning 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 previously served for more than two years as CFO and COO of AXIS’ Accident & Health business unit.

Vogt joined AXIS from Penn Mutual Life Insurance Co. where he served as CFO. Prior to Penn Mutual, he served as CFO of CIGNA’s Group Insurance business. He started his career at Hartford Life Insurance Co., where over nearly 14 years he held a series of actuarial roles. Eventually he led sales, marketing and product development for its corporate retirement business.

He holds a BBA in Actuarial Science and Economics from Temple University and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.

“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 Albert Benchimol, president and CEO of AXIS Capital. “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.”

Following his retirement, Henry will continue to serve as an adviser for the company, AXIS Capital said.

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

Source: AXIS Capital