Hashtag: #Axis
AXIS & Enstar Announce $2.3B Reinsurance Deal
AXIS Capital Holdings Limited and Enstar Group Limited have entered into a loss portfolio transfer reinsurance agreement covering a portfolio of reinsurance segment business. A spokesperson said, “The closing of the transaction is subject to regulatory approvals and other customary conditions, and is expected to occur during the first half of... Read more of this article
AXIS & ABIR Pay Tribute To Michael Butt
[Updated] The Association of Bermuda Insurers & Reinsurers [ABIR] paid tribute to the late Michael Butt saying he was an “industry legend” and a “passionate voice for the Bermuda market.” ABIR Chair and CEO of Hamilton Insurance Group Pina Albo said, “Michael was an industry legend. His leadership over decades was significantly... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.43 per common share payable on October 18, 2022 to shareholders of record at the close of business on October 3, 2022. 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
AM Best Affirms Credit Ratings Of AXIS Capital
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” [Excellent] of the operating subsidiaries of AXIS Capital Holdings Limited. The ratings agency said, “The ratings reflect AXIS’ balance sheet strength, which AM Best assesses as strongest, as well as its adequate... Read more of this article
AXIS Capital Announces INSEAD Endowment
AXIS has endowed $250,000 to INSEAD in order to create the Michael A. Butt Fund for Business & Society. A spokesperson said, “AXIS Capital Holdings Limited announced today a $250,000 endowment to INSEAD, the business school for the world, to create a research fund on behalf of former AXIS Chair of the Board Michael Butt, OBE. The Michael A.... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.43 per common share payable on July 15, 2022 to shareholders of record at the close of business on June 30, 2022. 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 Insurance Enters Pet Insurance Market
AXIS Insurance has entered the pet insurance market via its Accident and Health unit through a strategic relationship with Managing General Underwriter Petplan. AXIS Insurance will provide underwriting capacity for comprehensive pet insurance policies for dogs and cats in the U.S. and Canada. “Our relationship with Petplan is an exciting way for... Read more of this article
AXIS Capital Holdings 2021 Third Quarter Results
AXIS Capital Holdings Limited announced financial results for the third quarter ended September 30, 2021. Commenting on the third quarter 2021 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “Once again our industry was challenged by severe weather events and our focus continues to be on supporting our clients and the... Read more of this article
AXIS Insurance Hires Angus Lynn As VP
AXIS Insurance announced the appointment of Angus Lynn as Vice President, Professional Lines Underwriter in its Bermuda office. The company said, “AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited [AXIS Capital], today announced the hiring of Angus Lynn as Vice President, Professional Lines Underwriter in... Read more of this article
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 Re Hires Sue Ringold And Bill Orendorf
AXIS Re, the reinsurance business segment of AXIS Capital Holdings, announced the hiring of underwriters Sue Ringold and Bill Orendorf, effective immediately. Ms. Ringold joins as a Senior Underwriter and Mr. Orendorf as an Underwriter. They will be joining the North America Property team and will be based in Bermuda. “Sue and Bill both bring valuable... Read more of this article
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
