Hashtag: #AXISCapital

AXIS Accelerating Digital Technologies Efforts

AXIS Accelerating Digital Technologies Efforts

AXIS Capital Holdings announced the launch of AXIS Digital Ventures, a new unit they said “will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value [re]insurance applications, new product opportunities including emerging risks, and new distribution and [re]insurance business models.” “AXIS... Read more of this article

AXIS Report Second Quarter Net Income: $93M

AXIS Report Second Quarter Net Income: $93M

Bermuda-based AXIS Capital Holdings reported net income available to common shareholders for the second quarter of 2018 of $93 million, or $1.11 per diluted common share, compared to net income of $85 million, or $1.01 per diluted common share, for the second quarter of 2017. Net income available to common shareholders for the six months ended June... Read more of this article

AXIS Appoints Barbara Yastine To Board

AXIS Appoints Barbara Yastine To Board

AXIS Capital Holdings announced that Barbara A. Yastine has been appointed to the Company’s Board of Directors, effective July 1, 2018. A respected leader in the financial services and risk management sectors, Ms. Yastine was previously the CEO at Ally Bank and also served in the CFO role at Credit Suisse First Boston and in Citigroup’s Global... Read more of this article

AXIS Name Rohrmann Investor Relations Head

AXIS Name Rohrmann Investor Relations Head

AXIS Capital Holdings Limited has named Matthew Rohrmann as its Head of Investor Relations. In this role, Mr. Rohrmann will be responsible for leading AXIS Capital’s engagement with the investment community and proactively communicating the Company’s vision, strategy and financial story. Mr. Rohrmann will report directly to CFO Peter Vogt and will... Read more of this article

AXIS Reports First Quarter Income Of $63M

AXIS Reports First Quarter Income Of $63M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2018 of $63 million, or $0.75 per diluted common share, compared to net income of $5 million, or $0.06 per diluted common share, for the first quarter of 2017. Operating income1 for the first quarter of 2018 was $123 million, or... Read more of this article

AXIS Launches Cyber Center Of Excellence

AXIS Launches Cyber Center Of Excellence

Addressing the more than $445 billion cost that companies incur each year due to the threat of cybercrime and cyberattacks, AXIS Capital Holdings Limited announced the launch of the AXIS Cyber Center of Excellence. It will provide a broad range of commercial insurance protection and mitigation solutions for tangible and intangible assets, relating... Read more of this article

A.M. Best Revises Outlooks For AXIS Capital

A.M. Best Revises Outlooks For AXIS Capital

A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of the operating subsidiaries of Bermuda-based AXIS Capital Holdings. Additionally, A.M. Best has revised the outlook to negative from stable and affirmed the Long-Term... Read more of this article

AXIS Reports Fourth Quarter 2017 Results

AXIS Reports Fourth Quarter 2017 Results

Bermuda-based AXIS Capital Holdings Limited reported net loss attributable to common shareholders for the fourth quarter of 2017 of $38 million, or $[0.46] per diluted common share, compared with net income of $131 million, or $1.48 per diluted common share, for the fourth quarter of 2016. Net loss attributable to common shareholders for the year ended... Read more of this article

AXIS Capital Finality On Legacy Novae Business

AXIS Capital Finality On Legacy Novae Business

AXIS Capital Holdings Limited announced that AXIS Managing Agency Ltd, a subsidiary of AXIS Capital and the managing agent of Syndicate 2007 has entered into an agreement for the Reinsurance to Close [RITC] of the 2015 and prior years of account of Syndicate 2007. “This RITC transaction covers the net reserve for losses and loss expenses associated... Read more of this article

AXIS Capital Estimate Q4 Losses Of $130M

AXIS Capital Estimate Q4 Losses Of $130M

Bermuda-based AXIS Capital Holdings Limited announced that its preliminary estimate of the total net financial impact from fourth quarter 2017 catastrophe and weather-related losses is $130 million, net of tax and estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. This estimate... Read more of this article

AXIS Aligns Lloyd’s Managing Agency Platforms

AXIS Aligns Lloyd’s Managing Agency Platforms

AXIS Capital Holdings Limited and its operating subsidiaries [AXS] announced that it has received authorization from Lloyd’s for AXIS Managing Agency Ltd to commence management and oversight of Novae Syndicate 2007 and SPS 6129. The authorization became effective January 1, 2018, and creates a single managing agent structure for AXIS’ operations... Read more of this article

AXIS Capital Declares $0.39 Quarterly Dividend

AXIS Capital Declares $0.39 Quarterly Dividend

Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.39 per common share, which represents an increase of 3%. The common dividend will be payable on January 16, 2018 to the shareholders of record at the close of business on December 29, 2017. In addition, the Board declared... Read more of this article

AXIS Capital Prices $350 Million Of Senior Notes

AXIS Capital Prices $350 Million Of Senior Notes

Bermuda-based AXIS Capital Holdings Limited announced that its subsidiary, AXIS Specialty Finance PLC, has priced an offering of $350.0 million aggregate principal amount of 4.000% Senior Notes due 2027, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement. The Issuer intends to use the proceeds... Read more of this article