Hashtag: #AXISCapital
AXIS CFO Presents At NYC Conference
Albert Benchimol, Chief Financial Officer of Bermuda-based AXIS Capital, gave a presentation at the 2012 Citi Financial Services Conference at The Waldorf Astoria Hotel in New York City this morning [Mar.8] An archived replay of his address will remain available here through Wednesday, June 5 and a copy of Mr. Benchimol’s presentation will... Read more of this article
AXIS Re Brazil To Open In São Paulo
AXIS Capital Holdings Limited will open AXIS Re Brazil, a new representative office in São Paulo, Brazil, established to source property and casualty business from Brazil and the Southern Cone. Karl Mayr, CEO and President of AXIS Re Europe, commented, “AXIS Re has identified Latin America as a major growth opportunity for property and casualty reinsurance. “Having... Read more of this article
Bermuda: $500M In Terror Capacity
Writers of terrorism insurance within Lloyd’s of London have seen considerable expansion over the past decade, and while capacity — including an estimated $500 million available from Bermuda companies — is adequate, higher reinsurance cover costs and emerging political risks look to dampen that growth. Michael O’Connor, an underwriter... Read more of this article
Dividend Issued By AXIS Capital
Bermuda’s AXIS Capital Holdings Limited yesterday [Mar. 1] announced that the company’s board of directors declared a quarterly dividend of $0.24 per common share. The common dividend will be payable on April 16, 2012 to the shareholders of record at the close of business on March 30, 2012. In addition, the board declared a dividend of $0.453125... Read more of this article
AXIS Speciality In Strategic Agreement
Global Clearing & Settlement Advisors [GCSA], a leading US provider of capital solutions for the clearinghouse industry, and AXIS Specialty Ltd., a wholly owned subsidiary of Bermuda’s AXIS Capital Holdings yesterday [Feb.26] announced a Strategic Alliance Agreement in conjunction with their closing of a new transaction for NOS Clearing ASA,... Read more of this article
AXIS: New Chief Information Officer
Bermuda-based AXIS Capital Holdings Limited today [Feb.23] announced the appointment of Koorosh Beigian to the role of Chief Information Officer [CIO] and Executive Vice President. Mr. Beigian will manage AXIS Capital’s global information technology organization. He brings over 25 years of IT experience in the insurance industry to AXIS Capital.... Read more of this article
Nichols Named New AXIS Re CEO
AXIS Capital Holdings Limited yesterday [Feb. 6] announced that, John [Jay] Nichols will join the Bermuda company as the Chief Executive Officer of AXIS Re effective April 2, 2012. He will report to the Chief Executive Officer and President of AXIS Capital, and will assume responsibility for the leadership and management of all reinsurance business... Read more of this article
AXIS Bottom Line Hit By Disasters
Bermuda’s AXIS Capital Holdings Limited today [Jan. 18] announced that the net financial impact of the severe flooding in Thailand [pictured] on the company’s fourth quarter results is expected to be $48 million. This amount is net of reinsurance, taxes and reinstatement premiums. Further, updated information from the company’s clients... Read more of this article
Zacks: AXIS Capital Analysis
International ratings agency Zacks is maintaining its neutral rating on AXIS Capital Holdings Ltd. given the Bermuda re/insurer’s substantial exposure to catastrophe losses and low interest rate environment weighing on net investment income. In a report issued today [Dec. 16], Zacks said the Bermuda company suffered huge catastrophe losses in... Read more of this article
Bermuda Re/Insurer: ‘Outperform’ Rating
Bermuda’s AXIS Capital was upgraded by equities research analysts at Keefe, Bruyette & Woods to an “outperform” rating in a research note issued to investors today [Dec. 12]. The firm is the Bermuda-based holding company for the AXIS group of companies. Through its various operating subsidiaries and branches, AXIS provides a range of... Read more of this article
Charman To Step Down As AXIS CEO
Bermuda’s AXIS Capital Holdings Limited today [Dec. 12] announced that John R. Charman will retire as CEO and president effective May 3, 2012, the date of the company’s next annual general meeting. Mr. Charman will be succeeded by Albert Benchimol, who will become Chief Executive Officer and president, also effective May 3, 2012. Mr. Benchimol... Read more of this article
AXIS Capital Declares Dividend
Bermuda’s AXIS Capital Holdings Limited yesterday [Dec.8] announced the company’s board of directors had declared a quarterly dividend of $0.24 per common share. The common dividend will be payable on January 17, 2012 to the shareholders of record at the close of business on December 30, 2011. In addition, the board declared a dividend of... Read more of this article
John Van Decker Joins AXIS
Bermuda’s AXIS Capital Holdings Limited yesterday [Dec.2] announced that its AXIS Insurance segment has appointed John Van Decker as Executive Vice President and Head of North American Professional Lines. In this newly created position, Mr. Van Decker is responsible for oversight of AXIS Insurance’s professional lines underwriting units... Read more of this article
BFIS Hosts Intern Programme Reception
The Bermuda Foundation for Insurance Studies [BFIS] in conjunction with Associate Director of the Katie School of Insurance and Financial Services at Illinois State University [ISU] Debbie Babcock last night [Nov. 29] held a cocktail reception to thank all the people and companies who hosted the BFIS/ISU Intro-To-Insurance Summer Interns Programme.... Read more of this article
Best Revises Outlook For Bermuda’s AXIS
A.M. Best Co. has today [Nov.23] revised the outlook to positive from stable and affirmed the financial strength rating [FSR] of ”A” [Excellent] and issuer credit ratings [ICR] of “a+” of Bermuda-based AXIS Specialty Limited and its operating affiliates. The US ratings agency has also revised the outlook to positive from stable and... Read more of this article
Kuhn Appointed Chief Underwriting Officer
Bermuda’s AXIS Capital Holdings Limited yesterday [Nov.14] announced that John [Jack] Kuhn has been promoted to the new role of Chief Underwriting Officer of AXIS Insurance. In this position, Mr. Kuhn has responsibility for global property and casualty underwriting operations within AXIS Insurance and reports to Jack Gressier, Chairman of AXIS... Read more of this article
