Hashtag: #AXISCapital
EXOR: $6.4 Billion Proposal To Buy PartnerRe
[Updated] EXOR, an Italian company controlled by the Agnelli family, today [April 14] submitted a written proposal to the Board of Directors of Bermuda-based PartnerRe Ltd. to acquire 100% of the common shares of the company for $130.00 per share in cash, valuing PartnerRe at $6.4 billion. A statement from the company said, “EXOR’s all-cash... Read more of this article
AXIS Accident & Health Acquires Ternian
Bermuda-based AXIS Capital Holdings Limited announced that AXIS Accident & Health has acquired Ternian Insurance Group LLC, a leading provider of voluntary, limited benefit, affordable health plans and other employee benefits coverage for hourly and part-time workers and their families. Through the acquisition, AXIS Accident & Health secures... Read more of this article
AXIS, PartnerRe: HSR Amalgamation Clearance
AXIS Capital Holdings Limited and PartnerRe Ltd. announced that they have received early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the definitive amalgamation agreement that the companies announced on January 25, 2015. The expiration of the waiting period satisfies one... Read more of this article
AXIS Capital Declares $0.29 Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.29 per common share. The common dividend will be payable on April 15, 2015 to the shareholders of record at the close of business on March 31, 2015. In addition, the Board declared a dividend of $1.875 per Series B 7.50% Preferred Share, a dividend of $0.429688 per... Read more of this article
Fitch Places AXIS On Rating Watch Positive
Fitch Ratings has placed the ‘A+’ Insurer Financial Strength [IFS] ratings of AXIS Capital Holdings Ltd. and its operating subsidiaries on Rating Watch Positive following its announced merger with PartnerRe Ltd. [PRE]. The ratings agency said, “Today’s affirmation follows the announcement that AXIS Capital entered into a definitive... Read more of this article
AXIS & PartnerRe To Combine In $11B Merger
Two more Bermuda re/insurers are set to merge, with AXIS Capital Holdings Limited and PartnerRe Ltd. today announcing that they have signed a “definitive amalgamation agreement to create one of the world’s preeminent specialty insurance and reinsurance companies, with gross premiums written in excess of $10 billion, total capital of more than... Read more of this article
Fitch Affirms Ratings Of AXIS Capital Holdings
Fitch Ratings has affirmed the ‘A+’ Insurer Financial Strength [IFS] ratings of AXIS Capital Holdings Ltd. [AXIS Capital] and its operating subsidiaries. The Rating Outlook is Stable. A statement from the ratings agency said, “AXIS Capital’s ratings reflect its ‘Medium’ market position and size/scale, strong capitalization,... Read more of this article
AXIS: $750M Share Repurchase Authorization
AXIS Capital Holdings Limited has authorized the repurchase 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, effective January... Read more of this article
AM Best Affirm AXIS Capital Holdings Ratings
A.M. Best has affirmed the financial strength rating [FSR] of A+ [Superior] and the issuer credit ratings [ICR] of “aa-” of AXIS Specialty Limited [AXIS] and its operating affiliates. Concurrently, A.M. Best has affirmed the ICR of “a-” and the existing debt ratings of AXIS’ parent, AXIS Capital Holdings Limited [ACHL] [both domiciled in Hamilton,... Read more of this article
Axis Capital Help Clean Up Historic Property
The Bermuda National Trust’s historic home “Devondale” receives refurbishment support on Wednesday, September 17th, as a volunteer group from AXIS Capital Holdings Ltd. spent the day at the Bermuda National Trust historic home Devondale in Smith’s Parish. While one team laboured clearing invasive plants and weeding flowerbeds another group were... Read more of this article
Video: Axis CEO Speaks About Soft Markets
Albert Benchimol, CEO of Bermuda-based Axis Capital Holdings, recently spoke with A.M. BestTV, offering his thoughts on the current soft market and the positive trends that he sees as presenting opportunities not only for Axis, but for the sector at large. Mr. Benchimol said, “Well, this is not the first soft market we’ve had, and unfortunately... Read more of this article
AXIS Capital Declares Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.27 per common share. The common dividend will be payable on October 15, 2014 to the shareholders of record at the close of business on September 30, 2014. In addition, the Board declared a dividend of $1.875 per Series B 7.50% Preferred Share, a dividend of $0.429688... Read more of this article
AXIS Capital 2014 Q2 Net Income: $191M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2014 of $191 million, or $1.79 per diluted common share, compared with $72 million, or $0.62 per diluted common share, for the second quarter of 2013. Net income available to common shareholders for the six months ended June 30,... Read more of this article
AXIS Capital Sponsors TV’s Sesame Street
AXIS Capital Holdings Limited, in partnership with the Ministry of Education and Economic Development, will be sponsoring the award-winning educational programming series Sesame Street, allowing it to continue to air on Bermuda Broadcasting channels ZBM TV 9 and ZFB TV 7. AXIS Capital has assumed primary sponsorship from the Ministry of Education and... Read more of this article
COO Jack Gressier To Retire From AXIS Capital
Bermuda-based AXIS Capital Holdings Limited announced that Jack Gressier, Chief Operating Officer, has provided notice of retirement effective June 30th, 2015, so that he may spend more time with his family. Effective immediately, Mr. Gressier’s current responsibilities will be distributed among Peter Wilson, Chief Executive Officer of AXIS Insurance;... Read more of this article
AXIS Donates $1 Million Towards KEMH Upgrade
Bermuda Hospitals Charitable Trust [BHCT] today announced that AXIS Capital made a $1 million donation to the Why it Matters campaign, which is raising funds to upgrade King Edward VII Memorial Hospital. This donation takes the running total for the campaign to close to $31 million since its launch in April 2011. BHCT is leading a capital campaign... Read more of this article
