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

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)

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)