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AXIS Announces Retirement Of Michael Butt

AXIS Announces Retirement Of Michael Butt

AXIS Capital Holdings Limited announced today that Michael Butt, Chairman of the Board of Directors, will retire from the Company, effective September 16, 2020. “A co-founder of AXIS and member of the Insurance Hall of Fame, Mr. Butt is a recognized industry leader who is credited for his instrumental role in establishing Bermuda as one of the... Read more of this article

AXIS Capital’s Fourth Quarter 2019 Results

AXIS Capital’s Fourth Quarter 2019 Results

AXIS Capital Holdings today announced financial results for the fourth quarter ended December 31, 2019. Commenting on the fourth quarter 2019 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “We did not deliver the financial results we expected in 2019, as our performance suffered from a record typhoon season in Japan,... Read more of this article

AXIS Comments On Q4 2019 Financial Results

AXIS Comments On Q4 2019 Financial Results

AXIS Capital Holdings Limited said that it “anticipates reporting modest operating income for the fourth quarter of 2019.” The Bermuda based company said, “The Company’s results were impacted by a pre-tax loss for catastrophes and other weather-related events of $140 million, net of estimated reinsurance recoveries and reinstatement... Read more of this article

AXIS Expands Renewable Energy Expertise

AXIS Expands Renewable Energy Expertise

AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, announced the appointments of Sam Walsh as senior underwriter and Mat Pifer as an underwriter in its renewables division. Messrs. Walsh and Pifer will be jointly responsible for underwriting new and renewal, property and liability renewable energy business in North America,... Read more of this article

AXIS To Redeem 5.50% Series D Shares

AXIS To Redeem 5.50% Series D Shares

AXIS Capital Holdings will redeem 9,000,000 of its 5.50% Series D Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share [Preferred Shares], constituting all of its outstanding Preferred Shares, representing $225,000,000 in aggregate liquidation preference of Preferred Shares, on January 17, 2020 at a redemption price... Read more of this article

AXIS Appoints Anne Melissa Dowling To Board

AXIS Appoints Anne Melissa Dowling To Board

Bermuda-based AXIS Capital Holdings Limited announced that Anne Melissa Dowling has been appointed to the Company’s Board of Directors, effective January 1, 2020. Ms. Dowling will serve as a member of the Company’s Audit, Corporate Governance and Nominating, and Finance Committees. “Anne Melissa is an exceptional leader whose career in insurance... Read more of this article

AXIS Capital Declares $0.41 Quarterly Dividends

AXIS Capital Declares $0.41 Quarterly Dividends

Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share, which represents an increase of 2.5%. The common divided will be payable on January 15, 2020, to shareholders of record at the close of business on December 31, 2019. In addition, the Board declared a dividend... Read more of this article

AXIS Capital Prices Offering Of $425 Million Notes

AXIS Capital Prices Offering Of $425 Million Notes

Bermuda-based AXIS Capital Holdings announced that its subsidiary, AXIS Specialty Finance LLC [Issuer], has priced an offering of $425.0 million aggregate principal amount of 4.900% Fixed-Rate Reset Junior Subordinated Notes due 2040, fully and unconditionally guaranteed on a junior subordinated basis by AXIS Capital, pursuant to an effective shelf... Read more of this article

AXIS Typhoon Hagibis Loss Estimate: $90-110M

AXIS Typhoon Hagibis Loss Estimate: $90-110M

AXIS Capital Holdings Limited announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. “The Company’s loss estimate is consistent with industry... Read more of this article

AXIS Reports Third Quarter Income Of $28M

AXIS Reports Third Quarter Income Of $28M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2019 of $28 million, or $0.33 per diluted common share, compared to net income of $43 million, or $0.52 per diluted common share, for the third quarter of 2018. Net income available to common shareholders for the nine months ended... Read more of this article

AXIS Capital Support Low-Carbon Economy

AXIS Capital Support Low-Carbon Economy

AXIS Capital Holdings Limited announced a new policy addressing thermal coal and oil sands-related underwriting and investments. The policy is a component of a broader corporate citizenship program led by AXIS General Counsel Conrad Brooks, and overseen by AXIS President and CEO Albert Benchimol and the Corporate Governance and Nominating Committee... Read more of this article

AXIS Estimate Q3 Losses Of $150M – $175M

AXIS Estimate Q3 Losses Of $150M – $175M

Bermuda-based AXIS Capital Holdings Limited announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. “The... Read more of this article

AXIS Capital Declares $0.40 Quarterly Dividends

AXIS Capital Declares $0.40 Quarterly Dividends

Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.40 per common share. The common dividend will be payable on October 15, 2019, to shareholders of record at the close of business on October 3, 2019. In addition, the Board declared a dividend of $0.34375 per Series D... Read more of this article