Axis Capital CEO Vince Tizzio on the company’s AI and cyber readiness study
CNBC's Contessa Brewer interviews Axis Capital CEO Vince Tizzio about insights from company's AI and Cyber Readiness study.
President, Chief Executive Officer & Director, Axis Capital Holdings
Search every verified Vincent Tizzio interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Since becoming president and CEO of AXIS Capital in May 2023, Vince Tizzio has overseen a period of significant growth and strategic repositioning. In interviews throughout 2025 and early 2026, Tizzio described the company as "thriving" and noted record production, record operating income, and a 19.2% return on equity in the first quarter of 2025. He attributed this performance to a reset underwriting strategy, a focus on culture, and investments in people, processes, and products. Tizzio stated that the company has "gone back to our roots" as an underwriting firm and that its strategy is driven by his background as a trained underwriter. He also highlighted a nearly 95% total shareholder return over the prior two years. Tizzio has frequently discussed the evolving risk landscape, citing climate change, cybersecurity, AI, social inflation, and geopolitical instability as key challenges. Regarding AI, he described it as "not merely a cyber challenge" but a technology that creates new liabilities for directors and officers, as well as new exposures for cyber insurance and other lines. He noted that AXIS Capital has created a governance council to oversee AI use and is deploying AI tools to improve efficiency, such as processing submissions. On cyber risk, Tizzio stated that ransomware attacks have more than doubled and that AI is creating new methods for perpetrators to generate claims. He also emphasized the need for "humility toward the exposure" and for businesses to stay current with infrastructure to protect against evolving threats.
“When you think about AI, it is not merely a cyber challenge; this technology presents unique burdens, liabilities, challenges and opportunities to CEOs and boards alike, creating new exposures that affect directors and officers liability, cyber insurance and other lines.”
“Everybody has to be on the same page about the risks because you can have the most stringent guidelines in place in the UK, but if somebody in China or India or Iran has different access or different technology, it's going to affect the UK as well.”
“We have gone back to our roots. We're an underwriting company. I grew up in this industry as an underwriting person. I've held a successive set of roles and responsibilities, but fundamentally I'm a trained underwriter.”
“Our philosophy and approach as a business model is driven by my past experience. Secondly, and more importantly, we have a culture that drives our decision-making. Our culture revolves around being inclusive and creating performance management expectations without it feeling threatening or overburdening.”
CNBC's Contessa Brewer interviews Axis Capital CEO Vince Tizzio about insights from company's AI and Cyber Readiness study.
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