Hashtag: #AXISCapital
AXIS Capital 2016 Q3 Net Income: $177M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2016 of $177 million, or $1.96 per diluted common share, compared with $248 million, or $2.50 per diluted common share, for the third quarter of 2015. Net income available to common shareholders for the nine months ended September... Read more of this article
AXIS Capital Declares $0.35 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.35 per common share. The common dividend will be payable on October 17, 2016 to the shareholders of record at the close of business on October 3, 2016. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375... Read more of this article
Video: A.M. Best TV Interviews Albert Benchimol
Axis Capital President and CEO Albert Benchimol spoke with A.M. Best TV on location at the Les Rendez-Vous de Septembre reinsurance conference in Monte Carlo, Monaco. Mr Benchimol said three key issues driving today’s risk market are: increased use of data and analytics; the ramping up of investment in financial technology startups; and finding... Read more of this article
Fitch Affirms AXIS Capital Holdings Ratings
Fitch Ratings has affirmed the ‘A-’ Issuer Default Rating [IDR] of AXIS Capital Holdings Ltd. and the ‘A+’ Insurer Financial Strength [IFS] ratings its operating subsidiaries. The Rating Outlook is Stable. A statement from the ratings agency said, “AXIS Capital’s ratings continue to be supported by a good competitive... Read more of this article
AXIS Provides Q2 Preliminary Loss Estimates
Bermuda-based AXIS Capital Holdings Limited announced that its preliminary estimate of second quarter 2016 catastrophe and weather-related pre-tax losses is $104 million, net of estimated recoveries from reinsurance and including the impact of estimated reinstatement premiums. Of this amount, $71 million is from major natural catastrophes and $33... Read more of this article
AXIS Capital To Sponsor Girls Cricket Programs
The Bermuda Cricket Board said they are pleased to confirm that Axis Capital has confirmed its support of girl’s cricket in Bermuda. Axis’s assistance will include: An all-girls U11 team, Axis Angels, competing in the Hiscox U11 League Support and promotion of the BSSF Primary Girls and Middle School girls leagues Weekly MVP presentations for all... Read more of this article
Axis Capital Donates $20,000 To WindReach
Axis Capital recently donated $20,000 in support of WindReach, a registered charity whose programmes and activities exist to enrich the lives of people with special needs through pillars including Therapeutic Riding, Adaptive Sports, Life Skills, and Seniors. Erica Fulton, Executive Director at WindReach, said, “WindReach provides services for approximately... Read more of this article
AXIS Capital Declares Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.35 per common share. The common dividend will be payable on July 15, 2016 to the shareholders of record at the close of business on June 30, 2016. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375... Read more of this article
AXIS Capital 2016 Q1 Net Income: $38 Million
Bermuda-based AXIS Capital Holdings reported net income available to common shareholders for the first quarter of 2016 of $38 million, or $0.41 per diluted common share, compared with $156 million, or $1.54 per diluted common share, for the first quarter of 2015. Operating income for the first quarter of 2016 was $101 million, or $1.07 per diluted common... Read more of this article
Video: AXIS Capital To Sponsor 2016 Ag Show
AXIS Capital has signed on as a major sponsor for the 2016 Bermuda Agricultural Show, saying they are “proud citizens of Bermuda” and that it is an honour to help support the event. The 2016 Ag Show will run from April 14 to 16 at the Botanical Gardens in Paget, with this year’s theme ‘Bermuda Homegrown’ aiming to bring the show... Read more of this article
AXIS Capital 2015 Q4 Net Income: $135 Million
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2015 of $135 million, or $1.39 per diluted common share, compared with net income of $164 million, or $1.60 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders for the full year... Read more of this article
AXIS Redeems 7.50% Series B Preferred Shares
AXIS Capital Holdings Limited will redeem 28,430 of its 7.50% Series B Preferred Shares, par value $0.0125 per share and liquidation preference $100.00 per share, constituting all of its outstanding Preferred Shares, representing $2,843,000 in aggregate liquidation preference of Preferred Shares, on January 27, 2016 at a redemption price equal to $100.00... Read more of this article
AXIS Granted License To Establish Dubai Office
Bermuda-based AXIS Capital Holdings Limited announced that its wholly owned subsidiary AXIS Re SE was granted a license by the Dubai Financial Services Authority on December 8, 2015, to establish a representative office in the Dubai International Financial Centre. The AXIS Re SE Dubai Representative Office will focus on marketing accident and health... Read more of this article
Fitch Affirms Ratings Of AXIS Capital Holdings
Fitch Ratings has affirmed the ‘A-’ Issuer Default Rating of AXIS Capital Holdings Ltd. and the ‘A+’ Insurer Financial Strength ratings of its operating subsidiaries. The Rating Outlook is Stable. A statement from the ratings agency said, “AXIS Capital’s ratings continue to be supported by a good competitive position... Read more of this article
AXIS Capital: $750 Million Share Repurchase
Bermuda-based AXIS Capital Holdings Limited has authorized the repurchase of up to $750 million of the Company’s common shares. The Board has authorized the Company to effect repurchases under this new plan in open market or privately negotiated transactions through December 31, 2016, depending on market conditions. This new repurchase authorization,... Read more of this article
AXIS Syndicate 1686 Receives Approval
Bermuda-based AXIS Capital Holdings Limited confirmed that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company [China] Limited. The underwriting division will focus on treaty reinsurance business on the Lloyd’s China platform beginning 1st January, 2016... Read more of this article
