Aegon Nominates Albert Benchimol, Industry Veteran, for Non-Executive Board Role

Aegon Nominates Albert Benchimol, Industry Veteran, for Non-Executive Board Role

(IN BRIEF) Aegon has announced its intention to propose Albert Benchimol as a non-executive member of the Board of Directors at its 2024 Annual General Meeting, with a proposed four-year term. Mr. Benchimol, boasting over 40 years of experience in the insurance and reinsurance sector, served as the President and CEO of AXIS Capital Holdings from 2012 to May 2023. He will continue as an advisor to the CEO and the Executive Committee at AXIS Capital Holdings until the end of 2023. Prior to his tenure at AXIS Capital Holdings, Mr. Benchimol held senior positions at PartnerRe and Reliance Group Holdings, and he began his career in banking at the Bank of Montreal. His industry involvement also includes leadership roles at the Association of Bermuda Insurers and Reinsurers and as an External Member of the Council of Lloyd’s. William Connelly, Chairman of the Board of Directors at Aegon, expressed optimism about Mr. Benchimol’s appointment and his potential contributions to Aegon’s ongoing transformation. If elected by Aegon’s 2024 AGM, Mr. Benchimol’s appointment will take effect at the conclusion of the meeting, with his participation as an observer in Board of Directors meetings until then.

(PRESS RELEASE) THE HAGUE, 9-Nov-2023 — /EuropaWire/ — 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.

Media Contacts:

Media Relations:
Richard Mackillican
+31(0) 62 741 1546
richard.mackillican@aegon.com

Investor Relations:
Hielke Hielkema
+31(0) 70 344 7697
hielke.hielkema@aegon.com

SOURCE: Aegon