Hashtag: #AXISCapital
AXIS To Redeem 5.50% Series D Shares
AXIS Capital Holdings will redeem 9,000,000 of its 5.50% Series D Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share [Preferred Shares], constituting all of its outstanding Preferred Shares, representing $225,000,000 in aggregate liquidation preference of Preferred Shares, on January 17, 2020 at a redemption price... Read more of this article
AXIS Appoints Anne Melissa Dowling To Board
Bermuda-based AXIS Capital Holdings Limited announced that Anne Melissa Dowling has been appointed to the Company’s Board of Directors, effective January 1, 2020. Ms. Dowling will serve as a member of the Company’s Audit, Corporate Governance and Nominating, and Finance Committees. “Anne Melissa is an exceptional leader whose career in insurance... Read more of this article
AXIS Capital Declares $0.41 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.41 per common share, which represents an increase of 2.5%. The common divided will be payable on January 15, 2020, to shareholders of record at the close of business on December 31, 2019. In addition, the Board declared a dividend... Read more of this article
AXIS Capital Prices Offering Of $425 Million Notes
Bermuda-based AXIS Capital Holdings announced that its subsidiary, AXIS Specialty Finance LLC [Issuer], has priced an offering of $425.0 million aggregate principal amount of 4.900% Fixed-Rate Reset Junior Subordinated Notes due 2040, fully and unconditionally guaranteed on a junior subordinated basis by AXIS Capital, pursuant to an effective shelf... Read more of this article
AXIS Typhoon Hagibis Loss Estimate: $90-110M
AXIS Capital Holdings Limited announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. “The Company’s loss estimate is consistent with industry... Read more of this article
AXIS Reports Third Quarter Income Of $28M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2019 of $28 million, or $0.33 per diluted common share, compared to net income of $43 million, or $0.52 per diluted common share, for the third quarter of 2018. Net income available to common shareholders for the nine months ended... Read more of this article
AXIS Capital Support Low-Carbon Economy
AXIS Capital Holdings Limited announced a new policy addressing thermal coal and oil sands-related underwriting and investments. The policy is a component of a broader corporate citizenship program led by AXIS General Counsel Conrad Brooks, and overseen by AXIS President and CEO Albert Benchimol and the Corporate Governance and Nominating Committee... Read more of this article
AXIS Estimate Q3 Losses Of $150M – $175M
Bermuda-based AXIS Capital Holdings Limited announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. “The... Read more of this article
AXIS Capital Declares $0.40 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.40 per common share. The common dividend will be payable on October 15, 2019, to shareholders of record at the close of business on October 3, 2019. In addition, the Board declared a dividend of $0.34375 per Series D... Read more of this article
Gino Smith Appointed To AXIS Re In Zurich
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, announced that Gino Smith has been named Head of Property for EMEA LatAm, effective November 2019. In this role, Mr. Smith will oversee AXIS Re’s Property Treaty reinsurance business in Europe, Middle East and Africa, as well as Latin America. Mr. Smith will be based in Zurich... Read more of this article
Busti Joins AXIS Re: President Of North America
Jason Busti has joined AXIS Capital Holdings Limited reinsurance arm, AXIS Re as President of North America, based in New York. A spokesperson said, “Bermudian global re/insurer AXIS Capital Holdings Limited has announced that Jason Busti has joined its reinsurance arm, AXIS Re as President of North America, based in New York. “Jason Busti... Read more of this article
AXIS Reports Second Quarter Income Of $166M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2019 of $166 million, or $1.97 per diluted common share, compared to net income of $93 million, or $1.11 per diluted common share, for the second quarter of 2018. Net income available to common shareholders for the six months ended... Read more of this article
AXIS Prices Offering Of $300 Million Notes
Bermuda-based AXIS Capital Holdings Limited announced that its subsidiary, AXIS Specialty Finance LLC, has priced an offering of $300 million aggregate principal amount of 3.900% Senior Notes due 2029, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement. The Issuer intends to use the proceeds from... Read more of this article
AXIS Launches Refreshed Brand & Logo
AXIS Capital Holdings has launched a refreshed brand, logo and website. “The new visual identity is dynamic and forward-looking, and reflects the steps AXIS is taking to be a future-ready company,” the company said. “AXIS announced the refreshed brand, logo and website in conjunction with the launch of a new brand awareness advertising... Read more of this article
AXIS Capital Declares $0.40 Quarterly Dividends
Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.40 per common share. The common dividend will be payable on July 15, 2019, to shareholders of record at the close of business on June 28, 2019. In addition, the Board declared a dividend of $0.34375 per Series D 5.50%... Read more of this article
AXIS Report First Quarter Net Income: $98M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2019 of $98 million, or $1.16 per diluted common share, compared to net income of $63 million, or $0.75 per diluted common share, for the first quarter of 2018. Operating income for the first quarter of 2019 was $105 million, or... Read more of this article
