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    Albert Benchimol to join board of newly domiciled Aegon Ltd

    Albert Benchimol, retired president and chief executive of Axis Capital Holdings (File photograph)

    Veteran insurance executive Albert Benchimol is to be nominated as a non-executive member of the board of directors at Aegon Ltd, the international financial services holding company that has changed its legal seat to Bermuda.

    Aegon said it will propose to its annual meeting to appoint Mr Benchimol to the board for a four-year term.

    Between and May this year, Mr Benchimol was president and chief executive of Axis Capital Holdings, the Bermudian-based global specialty underwriter and provider of insurance and reinsurance solutions.

    Subsequently, he became adviser to the CEO, Vincent Tizzio, and the executive committee at Axis, a role he will retain until the end of

    William Connelly, the chairman of the board, said: "I am pleased to welcome Albert to Aegon.

    His long and distinguished career in the insurance sector