Axcelus Financial Appoints Keith Stock as CEO of Bermuda Firms
Axcelus Financial Appoints Keith Stock as CEO of Bermuda Firms
Axcelus Financial, a prominent player in the international insurance and annuities domain, has made a significant leadership change by naming Keith Stock as the Chief Executive Officer for its Bermuda-based Class C Insurance companies. These companies include Axcelus Financial Life Ltd., Axcelus Financial Global Insurance Ltd., Axcelus Financial Life Insurance Company (Bermuda) Ltd, and the holding company Axcelus Financial Holdings Ltd. These Class C insurance providers are recognized for their expertise in private placement life insurance, individual variable annuities, and institutional group annuities, catered to through a robust international network of financial advisors and distributors.
Mr. Stock's appointment comes at a pivotal time following a year marked by impressive international growth for Axcelus. This growth trend was bolstered by the company's successful rebranding efforts initiated earlier this year. As a respected leader, Mr. Stock brings over three decades of experience in the financial services industry, particularly within insurance, banking, and securities firms.
Before his new role at Axcelus, Keith Stock held several high-profile positions. He served as Chairman and Chief Executive Officer of Worldwide Reinsurance Limited and was the Executive Chairman of Clarien Bank Limited. Additionally, he carried the title of Chief Strategy Officer for TIAA, a well-known U.S.-based insurer, and was President of Mastercard Advisors, which focuses on card services, information, and insurance divisions of Mastercard Worldwide. His extensive background makes him an invaluable asset in steering Axcelus towards further success.
Tom Considine, Chairman of the Board of Axcelus Financial, expressed high confidence in Mr. Stock's appointment. He remarked that Keith's extensive knowledge in financial services, coupled with his distribution and marketing prowess, strong international connections, and proven leadership capabilities, will significantly benefit the company as it embarks on its next phase of international growth and progression in the insurance market.
About Axcelus Financial
As an industry leader, Axcelus Financial excels in providing premier insurance and annuity solutions. With over three decades of experience, the firm specializes in offering private placement life insurance, individual variable annuities, and institutional group variable annuity products. Targeting ultra-high net worth individuals, family offices, and institutions such as pensions and employee benefit programs, Axcelus operates through a diverse and experienced international network of financial advisors and distributors. This extensive experience positions Axcelus Financial as a trusted choice among clients seeking tailored financial solutions.
Frequently Asked Questions
What prompted Axcelus Financial to appoint Keith Stock as CEO?
The appointment of Keith Stock as CEO comes following a successful year of international growth for Axcelus Financial, aiming to enhance leadership during this critical time.
What are the main functions of Axcelus Financial?
Axcelus Financial specializes in private placement life insurance, variable annuities, and institutional group annuities, providing tailored solutions to high-net-worth clients.
What experience does Keith Stock bring to Axcelus Financial?
Keith Stock brings over thirty years of experience in leading roles within insurance, banking, and financial services, highlighting his extensive industry expertise.
What is the goal of Axcelus Financial under Stock's leadership?
Under Keith Stock's leadership, Axcelus Financial aims to continue expanding its international presence and enhancing its service offerings in the insurance marketplace.
How does Axcelus Financial support its clients?
Axcelus Financial provides expert guidance and tailored insurance solutions through a robust network of financial advisors and distributors worldwide.
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