Risk Landscape is 'Fairly Perilous' Says AXIS CEO Vince Tizzio

🇺🇸 Bloomberg (US) —

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AXIS CEO Vince Tizzio described the current risk landscape as 'fairly perilous,' especially in marine regions like the Strait of Hormuz. AXIS has increased policy pricing by 30-40% over the past year due to high demand and ongoing willingness to accept risk.

Vince Tizzio, CEO of top global specialty insurer AXIS, said that his company sees the risk landscape as 'fairly perilous,' specifically in the marine landscape like the Strait of Hormuz or other areas exposed to conflict. Tizzio said that pricing for policies has increased 30% to 40% from the rates AXIS was charging a year ago as demand remains high and the company is willing to still take on risk. (Source: Bloomberg)

World Security Conflict Markets Shipping AXIS marine risk policy pricing Strait of Hormuz insurance conflict zones

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