Hashtag: #AXISCapital

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

AXIS Capital Launches Offering Of Senior Notes

AXIS Capital Launches Offering Of Senior Notes

Bermuda-based AXIS Capital Holdings Limited has launched an offering by its subsidiary, AXIS Specialty Finance PLC of U.S. dollar-denominated, 10-year, senior, unsecured notes in aggregate principal amount of up to $350 million, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement. The Issuer... Read more of this article

AXIS Capital Report Q3 Loss Of $468 Million

AXIS Capital Report Q3 Loss Of $468 Million

Bermuda-based AXIS Capital Holdings Limited reported net loss attributable to common shareholders for the third quarter of 2017 of $468 million, or $[5.61] per diluted common share, compared to net income of $177 million, or $1.96 per diluted common share, for the third quarter of 2016. Net loss attributable to common shareholders for the nine months... Read more of this article

AXIS Names Steve Arora As Reinsurance CEO

AXIS Names Steve Arora As Reinsurance CEO

AXIS Capital Holdings Limited announced that Steve Arora has been named Chief Executive Officer of AXIS Re. Mr. Arora joins the Company from Swiss Re where he spent 18 years in a variety of senior positions, most recently as Head of Casualty Reinsurance and as a member of the Reinsurance Executive Committee. He has extensive international experience... Read more of this article

AXIS Capital Completes Acquisition Of Novae

AXIS Capital Completes Acquisition Of Novae

Bermuda-based AXIS Capital Holdings has received clearance from all applicable regulators, including the European Commission, and has finalized the completion of its acquisition of Novae Group plc. The acquisition creates a $2 billion insurer in London and a top ten [re]insurer at Lloyd’s, with total global gross written premiums of $6 billion [based... Read more of this article

Everest Re, AXIS & Arch Q3 Loss Estimates

Everest Re, AXIS & Arch Q3 Loss Estimates

More Bermuda-based re/insurers – Everest Re Group, AXIS Capital Holdings and Arch Capital Group – have announced their preliminary estimates of third quarter 2017 catastrophe losses. Everest Re Group: $900 Million Everest Re Group, Ltd. announced that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement... Read more of this article

AXIS Capital Declares $0.38 Quarterly Dividend

AXIS Capital Declares $0.38 Quarterly Dividend

Bermuda-based AXIS Capital Holdings has declared a quarterly dividend of $0.38 per common share. The common dividend will be payable on October 16, 2017 to the shareholders of record at the close of business on October 9, 2017. In addition, the Board declared a dividend of $0.34375 per Series D 5.50% Preferred Share and a dividend of $34.375 per Series... Read more of this article

AXIS Capital To Acquire Shares Of Novae Group

AXIS Capital To Acquire Shares Of Novae Group

Following consultation with the European Commission, and in accordance with applicable regulations, Bermuda-based AXIS Capital Holdings will complete its acquisition of Novae Group plc in two phases, beginning with the acquisition of Novae shares, expected to occur on October 2, 2017. This is to be followed by management control and integration of... Read more of this article

AXIS Capital Offer For Novae Accepted

AXIS Capital Offer For Novae Accepted

Bermuda-based AXIS Capital Holdings Limited announced that at the General Meeting held earlier today [Aug 29] in London, Novae Group plc shareholders approved the scheme of arrangement with AXIS Capital, with approximately 99.97 percent of shareholder votes cast in favor of the proposal. Based on 2016 actual results, the combination overall represents... Read more of this article

AXIS Capital Announces Final Offer For Novae

AXIS Capital Announces Final Offer For Novae

Bermuda-based AXIS Capital Holdings Limited announced that it has made a full and final offer of 715 pence per share for Novae Group plc. This offer values the entire share capital of Novae at approximately £477.6 million. Albert Benchimol, President and CEO of AXIS Capital, commented, “This acquisition is fully aligned with AXIS Insurance’s international... Read more of this article

AXIS Reports Second Quarter Income Of $85M

AXIS Reports Second Quarter Income Of $85M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2017 of $85 million, or $1.01 per diluted common share, compared to $119 million, or $1.29 per diluted common share, for the second quarter of 2016. Net income available to common shareholders for the six months ended June 30, 2017... Read more of this article

AXIS Donates $10,000 To The Reading Clinic

AXIS Donates $10,000 To The Reading Clinic

The Reading Clinic [Registered Charity #126] said they are honoured to be the recipient of a grant in the amount of $10,000.00 from global insurer and reinsurer AXIS Capital Holdings Limited. This grant has been provided in order to assist The Reading Clinic in the provision of assessment services and tutoring for children with learning differences,... Read more of this article