Business Context and Reporting Period
This Form 8-K filing by AXIS Capital Holdings Limited reports a significant executive leadership change. The report date is May 10, 2017, covering an event that occurred on May 4, 2017.
Key Financial Metrics
This filing is a current report regarding personnel changes and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes
- Departure: Joseph Henry notified the Company of his intention to retire as Chief Financial Officer (CFO), effective January 1, 2018.
- Appointment: Peter Vogt, currently the AXIS Insurance Chief Operating Officer, will succeed Mr. Henry as CFO effective January 1, 2018.
- Interim Role: Mr. Vogt will be appointed Deputy CFO effective July 1, 2017, to facilitate the transition.
Management Commentary and Background
Mr. Vogt, age 53, has served as Chief Operating Officer of the Company's Insurance business unit since 2013. His prior experience includes serving as CFO and COO of the Accident & Health business unit (2010-2013), CFO of Penn Mutual Life Insurance Company (2005-2010), and CFO of CIGNA's Group Insurance business (1999-2005). He also held various executive and actuarial roles at Hartford Life Insurance Company for 14 years. Mr. Vogt holds a BBA in Actuarial Science and Economics from Temple University and is a Fellow of the Society of Actuaries.
Investor Verification Checklist
- Confirm the exact effective dates for Mr. Henry's retirement and Mr. Vogt's appointment (January 1, 2018).
- Verify the interim start date for Mr. Vogt as Deputy CFO (July 1, 2017).
- Review the attached press release (Exhibit 99.1) for any additional details on compensation or transition plans not included in the 8-K text.