Hashtag: #AXISCapital

AXIS Capital: Wilson To Depart, Tizzio Has Joined

AXIS Capital: Wilson To Depart, Tizzio Has Joined

AXIS Capital Holdings Limited announced a “planned executive transition within the Insurance segment.” The company said that Peter Wilson, currently CEO of the Insurance Segment, will depart AXIS at the end of the year, timed to the completion of his contract, and Vincent C. Tizzio has joined the Company as Senior Advisor – Insurance... Read more of this article

AXIS Appoints Kenneth Hosp As Vice President

AXIS Appoints Kenneth Hosp As Vice President

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited [AXIS Capital], has appointed Kenneth [Kenny] Hosp as Vice President of the U.S. Excess Casualty team, effective immediately. “Mr. Hosp will be responsible for cultivating and strengthening relationships with wholesale distribution partners, enhancing new... Read more of this article

AXIS $100M Share Repurchase Authorization

AXIS $100M Share Repurchase Authorization

AXIS Capital announced the Company’s Board of Directors has “authorized the repurchase of up to $100 million of the Company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2022.” The company said it “intends to repurchase common shares opportunistically,... Read more of this article

AXIS Insurance Enters Pet Insurance Market

AXIS Insurance Enters Pet Insurance Market

AXIS Insurance has entered the pet insurance market via its Accident and Health unit through a strategic relationship with Managing General Underwriter Petplan. AXIS Insurance will provide underwriting capacity for comprehensive pet insurance policies for dogs and cats in the U.S. and Canada. “Our relationship with Petplan is an exciting way for... Read more of this article

AXIS Introduces Supplier Diversity Policy

AXIS Introduces Supplier Diversity Policy

AXIS Capital Holdings Limited launched a “Supplier Diversity Policy designed to ensure a diverse supplier base by engaging certified Diverse Business Enterprises [DBEs] in its procurement process. “Our commitment to advancing diversity, equity and inclusion extends beyond our practices within AXIS and also applies to how we manage our supplier... Read more of this article

AXIS Capital Holdings 2021 Third Quarter Results

AXIS Capital Holdings 2021 Third Quarter Results

AXIS Capital Holdings Limited announced financial results for the third quarter ended September 30, 2021. Commenting on the third quarter 2021 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “Once again our industry was challenged by severe weather events and our focus continues to be on supporting our clients and the... Read more of this article

AXIS Supports Low-Carbon Economy Transition

AXIS Supports Low-Carbon Economy Transition

As part of its commitment to support the transition to a low-carbon economy, AXIS Capital Holdings Limited announced several updates to its fossil fuel underwriting and investment policy related to thermal coal, oil sands and the Arctic National Wildlife Refuge. A spokesperson said, “In particular, the Company has bolstered its existing policy by... Read more of this article

AXIS Initial Comments On Third Quarter Results

AXIS Initial Comments On Third Quarter Results

AXIS Capital Holdings Limited announced a third quarter net loss estimate for catastrophes and other weather-related events of approximately $250 million, pre-tax, [$219 million, after-tax]. A spokesperson said, “The pre-tax net loss estimate includes $175 million for Hurricane Ida, consistent with industry insured losses of approximately $35... Read more of this article

AXIS Capital Declares $0.42 Quarterly Dividend

AXIS Capital Declares $0.42 Quarterly Dividend

Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.42 per common share payable on October 15, 2021 to shareholders of record at the close of business on October 4, 2021. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375... Read more of this article

AXIS Capital $0.42 Declares Quarterly Dividends

AXIS Capital $0.42 Declares Quarterly Dividends

AXIS Capital Holdings Limited has declared a quarterly dividend of $0.42 per common share payable on July 15, 2021, to shareholders of record at the close of business on June 29, 2021. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375 per depositary share] payable on July 15, 2021, to shareholders... Read more of this article

AXIS Initial Comments On First Quarter Results

AXIS Initial Comments On First Quarter Results

AXIS Capital Holdings announced a preliminary first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, pre-tax [$95 million to $105 million, after-tax]. A spokesperson said, “The pre-tax net loss estimate includes an amount of $80 million to $90 million for Winter Storms Uri... Read more of this article

AXIS Welcomes Cyber Senior Underwriters

AXIS Welcomes Cyber Senior Underwriters

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited [AXIS Capital], today announced the hiring of two underwriters to its Global Cyber and Technology team. Alex White has joined AXIS as a Senior Underwriter, Global Cyber and Technology, and will focus on Cyber and Technology Errors and Omissions [E&O] risks... Read more of this article

AXIS & Elpha To Provide Cyber Security Software

AXIS & Elpha To Provide Cyber Security Software

AXIS Insurance has partnered with Elpha Secure to provide cyber insurance and software protection to small businesses to help improve their cybersecurity. A spokesperson said, “AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited [AXIS Capital], and Elpha Secure, a cyber security company built for the insurance... Read more of this article