Hashtag: #Axis
AXIS Launches Cyber Center Of Excellence
Addressing the more than $445 billion cost that companies incur each year due to the threat of cybercrime and cyberattacks, AXIS Capital Holdings Limited announced the launch of the AXIS Cyber Center of Excellence. It will provide a broad range of commercial insurance protection and mitigation solutions for tangible and intangible assets, relating... Read more of this article
AXIS Reports Fourth Quarter 2017 Results
Bermuda-based AXIS Capital Holdings Limited reported net loss attributable to common shareholders for the fourth quarter of 2017 of $38 million, or $[0.46] per diluted common share, compared with net income of $131 million, or $1.48 per diluted common share, for the fourth quarter of 2016. Net loss attributable to common shareholders for the year ended... Read more of this article
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 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
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
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
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”
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
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
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
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 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
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
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
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
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
