Hashtag: #AXISCapital
AXIS Hurt By Financial Markets Volatility
Bermuda-headquartered AXIS Capital Holdings Limited this week reported net income available to common shareholders for the third quarter of 2011 of $212 million, or $1.66 per diluted common share, compared with $239 million, or $1.78 per diluted common share, for the third quarter of 2010. For the nine months ended September 30, 2011, AXIS Capital reported... Read more of this article
The 9/11 Attacks & Bermuda’s Class Of ’01
The tenth anniversary of the September 11 terror attacks on the US last month provided time for reflection on how the world has changed for good and ill since then, the “Financial Times” reported this week — saying both Bermuda and the global insurance industry were altered beyond recognition by those events. Osama bin-Laden’s... Read more of this article
AXIS Declares Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited today [Sept.21] announced that the Company’s Board of Directors has declared a quarterly dividend of $0.23 per common share. The common dividend will be payable on October 17, 2011 to the shareholders of record at the close of business on October 3, 2011. In addition, the Board declared a dividend of $0.453125... Read more of this article
AXIS: Q2 Net Income Declines To $101 Million
Bermuda-based AXIS Capital Holdings Limited today [Aug.3] reported net income available to common shareholders for the second quarter of 2011 of $101 million, or $0.79 per diluted common share, compared with $205 million, or $1.51 per diluted common share, for the second quarter of 2010. For the six months ended June 30, 2011, AXIS Capital reported... Read more of this article
AXIS Estimates Japan Quake: $285 Million
AXIS Capital Holdings Limited yesterday [Apr.18] estimated that the total net financial impact of the Japan earthquake and tsunami is expected to be $285 million, net of tax, reinsurance recoveries and reinstatement premiums. Losses related to the Japan earthquake and tsunami are expected to primarily impact the reinsurance segment of the Company. The... Read more of this article
AXIS Estimates NZ/Aussie Loss: Up to $315m
AXIS Capital Holdings Limited estimated that the total net impact of the New Zealand earthquake and loss events in Australia that have occurred to date in the first quarter of 2011 will be between $275-$315 million. Loss estimates are pre-tax and net of reinstatement premiums. A spokesperson said, “The total net impact of the New Zealand earthquake... Read more of this article
Axis Capital Declares Quarterly Dividend
Bermuda re/insurer Axis Capital Holdings Limited yesterday [Mar. 3] announced that the company’s board of directors has declared a quarterly dividend of $0.23 per common share. The common dividend will be payable on April 15, 2011 to the shareholders of record at the close of business on March 31, 2011. In addition, the board declared a dividend... Read more of this article
AXIS Fourth Quarter Profits Jump
Driven by higher premiums from both its insurance and reinsurance segments, Bermuda-based AXIS Capital Holdings Ltd. yesterday [Feb. 8] posted a fourth quarter 2010 profit of $264 million, or $1.99 a share, compared with $282 million, or $1.87 cents a share, the previous year. Operating earnings were $187 million, or $1.41 per share, compared with... Read more of this article
Ace A Good Bet Despite Egyptian Chaos
Ace Ltd., which has its global headquarters in Bermuda, has more than sufficient capital to withstand claims emerging from current turmoil in Egypt [pictured] – and investors are being encouraged to buy the insurer’s shares by analysts at Credit Suisse. Bloomberg reports today [Jan. 31] that Credit Suisse is recommending Ace to investors because because... Read more of this article
Credit Suisse Downgrades Axis Capital
Equities research analysts at Credit Suisse downgraded shares of Bermuda-based Axis Capital from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Wednesday (Jan. 19). The analysts currently have a $39.00 price target on the stock. Separately, analysts at Zacks Investment Research downgraded shares of... Read more of this article
AXIS Shares Downgraded By Analysts
Equities research analysts at Zacks Investment Research today [Dec 28] downgraded shares of Bermuda re/insurance giant AXIS Capital Ltd from an “outperform” rating to a “neutral” rating in a research note issued to clients and investors on Monday. Analysts for the US investment agency wrote: “AXIS Capital’s third quarter earnings... Read more of this article
AXIS: Quarterly Dividends on Preferred Shares
Bermuda based AXIS Capital Holdings Limited has declared a quarterly dividend of $0.23 per common share, payable on January 18, 2011 to the shareholders of record at the close of business on December 31, 2010. In addition, the Board declared a dividend of $0.453125 per Series A 7.25% Preferred Share and a dividend of $1.875 per Series B 7.5% Preferred... Read more of this article
Top Marks from A.M. Best for AXIS
A.M. Best Co. this week affirmed the financial strength rating of A (Excellent) and issuer credit ratings of A+ to Bermuda-based AXIS Specialty Limited (AXIS) and its operating affiliates. Concurrently, A.M. Best has affirmed a B+” issuer credit rating to its subsidiary AXIS Capital Holdings Limited. (ACHL). The ratings reflect AXIS’ consistently... Read more of this article
AXIS 3rd Quarter Net Income of $239 Million
AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2010 of $239 million, or $1.78 per diluted common share, compared with a net loss of $96 million, or $0.70 per diluted common share, for the third quarter of 2009. Net income for the nine months ended September 30, 2010 was $556 million, or $4.04... Read more of this article
Axis Capital to Repurchase $750 Million Shares
Bermuda-based AXIS Capital Holdings Limited today [Sept 24] announced that the Company’s Board of Directors has authorized the Company to repurchase up to an additional $750 million of the Company’s common shares. This new repurchase authorization is in addition to the $121 million available as of September 23, 2010 under the Board’s... Read more of this article
AXIS CFO David Greenfield To Resign
Bermuda-based AXIS Capital Holdings Limited announced that Executive Vice President and Chief Financial Officer David Greenfield will resign from his position, effective November 30, 2010. The Company has initiated a search for a successor to Mr. Greenfield, who joined AXIS Capital in August 2006. Prior to joining AXIS, Mr. Greenfield was a partner... Read more of this article
