Hashtag: #Axis

AXIS Reports First Quarter Income Of $5M

AXIS Reports First Quarter Income Of $5M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2017 of $5 million, or $0.06 per diluted common share, compared to $38 million, or $0.41 per diluted common share, for the first quarter of 2016. Albert Benchimol, President and CEO of AXIS Capital, said: “Notwithstanding the pressure... Read more of this article

AXIS Donate $7,500 To Society For The Blind

AXIS Donate $7,500 To Society For The Blind

One of the Island’s leading insurance/re-insurance companies has donated thousands of dollars to help a charity supporting the blind and partially sighted. On behalf of AXIS Specialty, Alice Cedenio presented a check to the Bermuda Society for the Blind for $7,500 which will help the organisation to continue providing programmes and services to people... Read more of this article

AXIS Launch Insurance: Contagious Outbreaks

AXIS Launch Insurance: Contagious Outbreaks

Bermuda-based AXIS Capital Holdings Limited announced that AXIS Healthcare—the division of AXIS Insurance that provides professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians—has launched an innovative new medical catastrophe [“contagion”]... Read more of this article

European Commission Approve Pending Merger

European Commission Approve Pending Merger

AXIS Capital Holdings Limited and PartnerRe Ltd. have received antitrust clearance from the European Commission with respect to the definitive amalgamation agreement that the two Bermuda-based companies announced on January 25, 2015. “AXIS Capital and PartnerRe have now received all competition-related approvals required for the completion of... Read more of this article

Sandell Asset: “Best Interests Of Shareholders”

Sandell Asset: “Best Interests Of Shareholders”

The AXIS/EXOR/PartnerRe business matter continues, with Sandell Asset Management Corp issuing a public letter to the Chairman of PartnerRe Board expressing concern “that, with respect to the EXOR offer, certain actions of the Board of PartnerRe Ltd. did not appear to have been in the best interests of PartnerRe shareholders.” “While... Read more of this article

Beyond Rugby Expanding To Berkeley Institute

Beyond Rugby Expanding To Berkeley Institute

Axis Capital Holdings Ltd. recently presented the Family Centre with a donation which will allow the Beyond Rugby Bermuda Programme] to expand into Berkeley Institute, with the programme to officially begin in October. Beyond Rugby is a collaboration between the Bermuda Rugby Football Union and Family Centre that helps young people to develop character... Read more of this article

AXIS Reports First Quarter Income Of $137M

AXIS Reports First Quarter Income Of $137M

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the three months ended March 31, 2014, of $137 million, compared with $303 million for the corresponding period of 2013. Operating income1 for the first quarter of 2014 was $137 million, or $1.24 per diluted common share, compared with $227 million,... Read more of this article

AXIS Capital Appoints Bautista, Ramachandran

AXIS Capital Appoints Bautista, Ramachandran

Bermuda-based AXIS Capital Holdings Limited announced that Dr. Edgar Bautista and Mr. Sandeep Ramachandran have been appointed as Senior Vice Presidents and co-heads of the new Weather & Commodity Markets initiative at AXIS Re. In their new roles, Dr. Bautista and Mr. Ramachandran will be responsible for establishing and managing AXIS Re’s global... Read more of this article

BMO Capital: “Outperform” Rating For Axis

BMO Capital: “Outperform” Rating For Axis

BMO Capital Markets initiated coverage on shares of Bermuda’s Axis Capital in a research note issued today [Apr. 18], AnalystRatings.Net reports. The firm set an “outperform” rating on the stock. A number of other analysts have also recently weighed in on AXS. Analysts at Goldman Sachs downgraded shares of Axis Capital from a “buy” rating... Read more of this article

Axis Capital Announces Quarterly Dividend

Axis Capital Announces Quarterly Dividend

Bermuda-based Axis Capital announced a quarterly dividend today [Dec. 17] with investors of record on Monday, December 31 to be paid a dividend of $0.25 per share on Tuesday, January 15. This represents a $1.00 annualised dividend and a dividend yield of 2.81 per cent. A number of analysts have recently weighed in on Axis shares. Analysts at Goldman... Read more of this article

AXIS Declares Quarterly Dividend

AXIS Declares Quarterly Dividend

Bermuda-based AXIS Capital Holdings Limited today [Sept.21] announced that the Company’s Board of Directors has declared a quarterly dividend of $0.23 per common share. The common dividend will be payable on October 17, 2011 to the shareholders of record at the close of business on October 3, 2011. In addition, the Board declared a dividend of $0.453125... Read more of this article

Axis’ Losses Are Higher Than Anticipated

Axis’ Losses Are Higher Than Anticipated

Bermuda-based Axis Capital Holdings Ltd today [Apr. 29] posted a higher first quarter loss than expected — its balance sheet hurt by catastrophe losses from the earthquake in Japan and the New Zealand temblor and Australian floods– despite healthy premium growth in its insurance and reinsurance segments. For the first quarter of 2011,... Read more of this article

Analysts: Egypt Crisis’ Impact On Insurance

Analysts: Egypt Crisis’ Impact On Insurance

Multi-national companies must begin re-assessing the adequacy of their insurance coverage — much of it channeled through Bermuda firms – in the wake of  political unrest in Tunisia and Egypt, according to analysts at Marsh and Aon. Companies investing, manufacturing, and trading in emerging markets are increasingly realising they face... Read more of this article