Hashtag: #AXISCapital
AM Best Affirms Credit Ratings Of AXIS Capital
AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” [Excellent] of the operating subsidiaries of AXIS Capital Holdings Limited [Pembroke, Bermuda], collectively referred to as AXIS. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” [Good] and the existing... Read more of this article
AXIS Appoints Mark Gregory & Michael McKenna
AXIS Capital Holdings Limited announced the following appointments within its specialty insurance business: Mark Gregory as Head of Global Markets and the hiring and appointment of Michael J. McKenna as Head of North America. The newly created leadership positions will report directly to Vince Tizzio, President and CEO of AXIS. “Mark and Mike are... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 18, 2023 to shareholders of record at the close of business on June 30, 2023. A spokesperson said, “In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share [equivalent... Read more of this article
Tizzio Takes Role As AXIS President & CEO
>AXIS Capital Holdings announced that Vincent C. Tizzio assumed the role of President and CEO of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to the Company’s Annual General Meeting held at its corporate headquarters in Bermuda. Mr. Tizzio succeeds longtime AXIS President and CEO Albert Benchimol, who... Read more of this article
AXIS Appoints Watt As Chief Claims Officer
AXIS Capital Holdings Limited [AXIS] announced that Megan Watt has joined the Company as Chief Claims Officer, effective April 17, 2023. A spokesperson said, “Ms. Watt will be based in New York, and will report directly to Vince Tizzio, CEO Specialty Insurance and Reinsurance, and future Group CEO [effective May 4, 2023]. “In this role,... Read more of this article
AXIS Appoints New Head For North America
AXIS Capital Holdings Limited announced that Gabriel Galanski has joined the Company as Head of North America Property & Casualty Programs. In this role, Mr. Galanski is responsible for the management, development, and administration of the Company’s North America Programs business. A spokesperson said, “This includes advancing the Company’s... Read more of this article
AXIS Capital Declares Quarterly Dividends
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 18, 2023 to shareholders of record at the close of business on March 31, 2023. In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share [equivalent to $0.34375 per depositary... Read more of this article
AXIS Capital Aims To Transition To Low-Carbon
AXIS Capital Holdings Limited announced its “commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas [GHG] emissions by 2030 across its global operations.” A spokesperson said, “The action is the Company’s latest step in its ambition to transition to a low-carbon economy. Using a 2019 baseline, AXIS’s science based... Read more of this article
AXIS Capital’s 2022 Fourth Quarter Results
AXIS Capital Holdings Limited announced financial results for the fourth quarter ended December 31, 2022. A spokesperson said, “Net income available to common shareholders for the fourth quarter of 2022 was $41 million, or $0.48 per diluted common share, compared to net income available to common shareholders of $197 million, or $2.31 per diluted... Read more of this article
Benchimol To Retire, Tizzio Named Future CEO
AXIS Capital Holdings Limited announced that Albert Benchimol will retire at the end of 2023, and he will be succeeded as President and CEO by Vincent Tizzio. A spokesperson said, “AXIS Capital Holdings Limited [AXIS] announced today that, following a career in [re]insurance and banking that has spanned more than four decades – including ten... Read more of this article
RiverStone Loss Portfolio Transfer Deal
RiverStone International has entered into loss portfolio transfer reinsurance agreements with affiliates of AXIS Capital Holdings Limited, which cover several of its professional lines and liability insurance portfolios, predominantly relating to 2019 and prior accident years. The transaction, subject to regulatory approval, covers net reserves for... Read more of this article
AXIS $100M Share Repurchase Authorization
AXIS Capital Holdings Limited announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2023. A spokesperson said, “The Company intends to repurchase common shares opportunistically,... Read more of this article
