Hashtag: #AXISCapital
AXIS Capital Launches Office In Miami, Florida
AXIS Capital Holdings Limited announced the formation of AXIS Specialty Underwriters Inc., based in Miami, to operate as the Company’s Latin American and Caribbean regional coverholder for AXIS Syndicate 1686. AXIS Miami will operate within AXIS Insurance’s International Division and will provide direct and facultative reinsurance coverage to the... Read more of this article
AXIS Donates $15K To Duke of Edinburgh Award
AXIS Capital has made a contribution to the island’s youth by confirming their Gold Level Donor partnership with The Duke of Edinburgh’s International Award Bermuda, with the AXIS Charitable Donations Committee donating $15,000 to the Award. The Award’s National Director, Traci Burgess, stated, “We are grateful to AXIS for their investment in... Read more of this article
Axis Donates $5,000 To Masterworks Museum
Just in time for their 30th anniversary, Masterworks Museum of Bermuda Art has been given a gift of $5,000 from local reinsurance company, Axis Capital. Axis’ Charitable Donations Committee selects a handful of community minded charities to support each year. Their donation to Masterworks will ensure the museum is able to continue its Art 4 All programme... Read more of this article
AXIS ‘Delighted’ To Support BNG Art Education
AXIS Specialty Limited has agreed to give $10,000 toward the education programmes at the Bermuda National Gallery, saying they are “delighted to support this cause” and “hope that many more children benefit from these initiatives. ” “Research proves that engagement with art can improve critical thinking skills, overall... Read more of this article
AXIS $1 Billion Share Repurchase Authorization
Bermuda-based AXIS Capital Holdings announced that the Company’s Board of Directors has authorized the repurchase of up to $1 billion 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, 2017, depending on market conditions. This... Read more of this article
AXIS Capital Announces Acquisition of Aviabel
Bermuda-based AXIS Capital Holdings has agreed to acquire general aviation insurance and reinsurance leader Aviabel, increasing the company’s scale and relevance in the global aviation market. The “Aviabel” brand, including its Dutch brand “NLP” [“Nederlandse Luchtvaartpool”], will be retained as Belgium-based Aviabel supports the continued... Read more of this article
Axis Capital Donates To Age Concern Bermuda
Axis Capital demonstrated its support of the island’s seniors by making a donation to Age Concern Bermuda, saying “we must never forget that older adults are an important part of the fabric of Bermuda.” According to the Axis Charity Committee, “The aim of our Charitable Donations Committee is to look for opportunities to support initiatives... Read more of this article
AXIS Offering 5.50% Series E Preferred Shares
Bermuda-based AXIS Capital Holdings Limited has priced an offering of 22,000,000 depositary shares, each representing a 1/100th ownership interest in a share of its 5.50% Series E Preferred Shares, par value $0.0125 per share and a liquidation preference of $2,500.00 per share [equivalent to $25 per depositary share], or $550,000,000 in aggregate... Read more of this article
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
