Albert Benchimol to be nominated as non-executive member of the Board of Directors

10 november 2023

Aegon will propose to its 2024 Annual General Meeting to appoint Albert Benchimol as a non-executive member of the Board of Directors for a four-year term.

Mr. Benchimol (American/Canadian/Moroccan, 1957) brings more than 40 years of experience as a senior leader in the insurance and reinsurance industry. Between 2012 and May 2023, he was president and Chief Executive Officer of AXIS Capital Holdings, a Bermuda based global specialty underwriter and provider of insurance and reinsurance solutions. Subsequently, Mr. Benchimol became advisor to the CEO and the Executive Committee at AXIS Capital Holdings, a role he will retain until the end of 2023. Before he joined AXIS Capital Holdings, Mr. Benchimol held various senior positions at PartnerRe and Reliance Group Holdings, after starting his career in banking at the Bank of Montreal. He has also served in a leadership role in a number of additional industry organizations, including Chair of the Association of Bermuda Insurers and Reinsurers and as an External Member of the Council of Lloyd’s.

“I am pleased to welcome Albert to Aegon. His long and distinguished career in the insurance sector and international experience will be invaluable to the company. I look forward to working with Albert in our Board of Directors as we continue to guide Aegon through the new chapter of the company’s transformation,” said William Connelly, Chairman of the Board of Directors.

Once elected by Aegon’s 2024 AGM, Mr. Benchimol’s appointment will be effective as of the end of the meeting. Until then, he will attend the Board of Directors meetings as an observer.

Source: Aegon