Hashtag: #AXISCapital

Axis Capital Reports 2020 Third Quarter Results

Axis Capital Reports 2020 Third Quarter Results

AXIS Capital Holdings Limited announced financial results for the third quarter ended September 30, 2020. Commenting on the third quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “This was a quarter in which the world and our industry were impacted by exceptional levels of cat loss activity. First and... Read more of this article

AXIS & Kennedys Launch New Insurance Product

AXIS & Kennedys Launch New Insurance Product

AXIS Insurance and Kennedys Law announced a collaboration for services in connection with the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company offices. “The marine shipping insurance market dates back... Read more of this article

AXIS Estimate Q3 Losses Of $225 – $255M

AXIS Estimate Q3 Losses Of $225 – $255M

Bermuda-based AXIS Capital Holdings announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2020 in the range of $225 million to $255 million. A spokesperson said, “AXIS Capital Holdings Limited [AXIS Capital] today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax [$190... Read more of this article

Axis Capital Declares $0.41 Quarterly Dividend

Axis Capital Declares $0.41 Quarterly Dividend

AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share payable on October 15, 2020, to shareholders of record at the close of business on October 2, 2020. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375 per depositary... Read more of this article

AXIS, Simply Business Launch New Offering

AXIS, Simply Business Launch New Offering

AXIS Insurance and Simply Business, Inc. announced the launch of “AXIS Home Based Business Insurance”, an insurance policy that provides coverage to small business owners who conduct business from home. A spokesperson said, “Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a... Read more of this article

AXIS Capital Reports Second Quarter Results

AXIS Capital Reports Second Quarter Results

AXIS Capital Holdings Limited announced financial results for the second quarter ended June 30, 2020. Commenting on the second quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “This was a solid quarter highlighted by continued positive momentum in the underlying performance of our Company. “We’re... Read more of this article

AXIS Capital Appoint W. Marston Becker To Board

AXIS Capital Appoint W. Marston Becker To Board

AXIS Capital Holdings Limited announced that W. Marston [Marty] Becker has been appointed to the Company’s Board of Directors. Mr. Becker will serve as a member of the Board’s Executive, Finance and Risk Committees. During his 35-year career in the [re]insurance industry, Mr. Becker has held numerous senior leadership roles for publicly traded and... Read more of this article

AXIS Capital Declares $0.41 Quarterly Dividends

AXIS Capital Declares $0.41 Quarterly Dividends

AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share payable on July 15, 2020, to shareholders of record at the close of business on June 29, 2020. In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share [equivalent to $0.34375 per depositary... Read more of this article

AXIS Capital Reports First Quarter Results

AXIS Capital Reports First Quarter Results

AXIS Capital Holdings Limited announced financial results for the first quarter ended March 31, 2020. Commenting on the first quarter 2020 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “As our industry and society continue to navigate the challenges brought on by COVID-19, our primary thoughts are with the people,... Read more of this article

AXIS Donates $1M For Global Covid-19 Relief

AXIS Donates $1M For Global Covid-19 Relief

AXIS Capital Holdings Limited has announced $1 million in targeted philanthropic donations to support Covid-19 relief and community support efforts. A spokesperson said, “AXIS Capital Holdings Limited today announced $1 million in targeted philanthropic donations to support COVID-19 relief and community support efforts. AXIS will partner with non-profit... Read more of this article

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