Hashtag: #AXISCapital
Axis Capital Hit With $300M In Sandy Claims
Bermuda re/insurer Axis Capital Holdings Ltd. estimated that it will lose about $300 million paying claims from Superstorm Sandy. The projected setback announced Monday [Dec.17] wasn’t enough to deter Axis Capital from raising its quarterly stock dividend by four percent and announcing a new share buyback programme. Axis Capital based its estimated... 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
Gesick Joins AXIS As Group Chief Actuary
Eric Gesick has joined Bermuda-based AXIS Capital Holdings Limited in the new position of Group Chief Actuary. Mr. Gesick, who joins the Executive Committee of AXIS Capital in this new role, will lead the Company’s actuarial function and provide review and oversight for all pricing and reserving activities. He will report directly to AXIS Capital... Read more of this article
A.M. Best Affirms Axis Capital Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited and its operating affiliates. Concurrently, A.M. Best has affirmed the ICR of “bbb+” and all existing debt ratings of AXIS’ parent, Bermuda-based AXIS Capital Holdings Limited (ACHL). The outlook... Read more of this article
AXIS Capital Declares $0.24 Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.24 per common share. The common dividend will be payable on October 15, 2012 to the shareholders of record at the close of business on October 2, 2012. In addition, the Board declared a dividend of $0.453125 per Series A 7.25% Preferred Share, a dividend of $1.875 per... Read more of this article
AXIS Appoints Jane Boisseau To Board
Bermuda-based AXIS Capital Holdings Limited has appointed Jane Boisseau as a member of their Board of Directors, effective December 2012. Ms. Boisseau is a former co-chair of the Insurance Regulatory Department of the law firm Dewey & LeBoeuf LLP, with substantial experience in a variety of insurance regulatory and transactional matters. She... Read more of this article
AXIS Capital Reports $113M Q2 Operating Income
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2012 of $168 million, or $1.35 per diluted common share, compared with $101 million, or $0.79 per diluted common share, for the second quarter of 2011. A company spokesperson said, “For the six months ended June 30, 2012,... Read more of this article
Charman Ousted As Chairman, To Get $11 Million
John Charman will receive $11 million after being ousted as chairman following a dispute over his role at Bermuda-based AXIS Capital Holdings Limited, Bloomberg reports today [June 25]. Half will be made in a lump sum immediately, and the rest after one year. AXIS has appointed Board member and former Chairman Michael A. Butt as non-executive Chairman... Read more of this article
Henry To Join AXIS As Chief Financial Officer
Joseph Henry will join Bermuda based AXIS Capital Holdings Limited as Chief Financial Officer on June 18, 2012. Mr. Henry will also join the Company’s Executive Committee and report directly to Albert Benchimol, President and Chief Executive Officer of AXIS Capital. Mr. Henry will continue to serve as Executive Vice President and Chief Financial Officer... Read more of this article
AXIS Capital Announces Management Transitions
AXIS Capital Holdings Limited yesterday [Apr.17] announced the details of management transitions in AXIS Re, which will become effective over the balance of the year. At the end of this year, Karl Mayr [Pictured left], currently CEO and President of AXIS Re Europe, reporting to Jay Nichols, CEO of AXIS Re, will retire as CEO of AXIS Re Europe and assume... Read more of this article
AXIS Capital Results: Series B Tender Offer
Bermuda-based AXIS Capital Holdings Limited announced the final results of its tender offer for any and all of its outstanding 7.50% Series B Preferred Shares, par value $0.0125 per share and liquidation preference $100.00 per share , which expired at 12:01am [New York City time] on Tuesday, April 10, 2012. AXIS Capital has accepted for purchase an... Read more of this article
Zacks Retains Neutral Rating On AXIS
Given the substantial exposure to catastrophe losses and low interest rate environment weighing on net investment income, analysts at Zacks Investment Research have retained their Neutral recommendation on Bermuda’s AXIS Capital Holdings Ltd. AXIS Capital’s fourth-quarter earnings surpassed the Zacks Consensus Estimate but fell below the... Read more of this article
AXIS CEO To Host Earnings Teleconference
Bermuda’s AXIS Capital Holdings Limited yesterday [Apr.3] announced that it expects to release financial results for the first quarter ended March 31, 2012 on Thursday April 26, 2012, after the close of the financial markets. John Charman, CEO [pictured] and President, and Albert Benchimol, CFO, will host an investor teleconference, including... Read more of this article
AXIS Partially Redeems 7.25% Series
Bermuda-based AXIS Capital Holdings Limited yesterday [Mar.19] announced that it will redeem 6,000,000 of its 7.25% Series A Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share, representing $150,000,000 in aggregate liquidation preference of Preferred Shares, on April 18, 2012 at a redemption price equal to $25.00... Read more of this article
AXIS Issuance Receives ‘BBB’ Rating
Fitch Ratings today [Mar. 15] assigned a ‘BBB’ rating to the $400 million perpetual preferred securities issuance of Bermuda-based AXIS Capital Holdings, Ltd. The international ratings agency also affirmed AXIS Capital’s ‘A’ Issuer Default Rating and the ‘A+’ Insurer Financial Strength ratings of AXIS Capital’s... Read more of this article
AXIS Capital Announces Tender Offer
Bermuda’s AXIS Capital Holdings Limited today [Mar.12] announced a tender offer for any and all of its outstanding 7.50% Series B Preferred Shares, par value $0.0125 per share and liquidation preference $100.00 per share. The tender offer is being made solely pursuant to the Offer to Purchase dated March 12, 2012 and accompanying Letter of Transmittal.... Read more of this article
