Hashtag: #AXISCapital

Axis Capital Posts $112 Million Q1 Net Income

Bermuda based re/insurer AXIS Capital Holdings Limited reported net income available to common shareholders of $112 million [$0.79 per diluted common share] for the first quarter of 2010, compared with net income of $116 million [$0.78 per diluted common share] for the first quarter of 2009. Operating income for the first quarter of 2010 was $96 million,... Read more of this article

AXIS Starts American Health & Accident Division

Bermuda based [re]insurance company AXIS Capital Holdings Limited today [Mar 29] announced that it is now actively marketing accident and health insurance coverage in the United States. Insurance products now available from AXIS Global Accident & Health include personal accident and business travel accident for employer groups, affinity groups and... Read more of this article

AXIS Capital Prices $500 Million of Senior Notes

Bermuda-based global provider of specialty lines insurance and treaty reinsurance AXIS Capital is issuing $500 million in notes. AXIS Capital Holdings Limited announced on March 18 that its indirect, wholly-owned subsidiary, AXIS Specialty Finance LLC, has priced an offering of $500 million aggregate principal amount of its 5.875% Senior Notes due 2020,... Read more of this article

AXIS: Claims of $60 – $120 Million from Chile

Bermuda-based [re]insurance company AXIS Capital Holdings Limited today provided its initial estimates of the impact of the 2010 Chile earthquake and European Windstorm Xynthia on its financial results. The Company estimates its net losses relating to the earthquake will be between $60 and $125 million, with net losses relating to the windstorm between... Read more of this article

World Insurance Forum to be Webcast Free Today

The World Insurance Forum [WIF] will be webcast free online today and tomorrow. Held at the Tuckers Point Club, the seminar will discuss the critical issues with which the international [re]insurance industry is confronted. You may send in questions to info@worldinsuranceforum.com for the panelists to answer during the session. The Reinsurance Magazine... Read more of this article

Bermuda Insurers File Opposition to American Bill

The Association of Bermuda Insurers and Reinsurers [ABIR] has filed an opposition to a proposed new American regulation now in Congress. The Bill HR 2555: Homeowners’ Defense Act of 2009 is described as “To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events”. The ABIR President... Read more of this article

30 Top Speakers at Bermuda Insurance Summit

The Insurance Day Summit will be held on June 15/16 at the Fairmont Hamilton Princess, and already features an extremely impressive array of speakers. There are over thirty of the best business minds in the insurance field scheduled to speak so far… full list below: Albert Benchimol – EVP and Chief Financial Officer, Partner Re Beat Holliger... Read more of this article