Hashtag: #AXISCapital
Ventresca Appointed Axis Chief Strategy Officer
AXIS Capital Holdings Limited announced that Linda Ventresca has been appointed to the newly created position of Chief Strategy Officer. Reporting directly to President and CEO Albert Benchimol, Ms. Ventresca will be responsible for guiding the development of the Company’s strategic priorities and for driving the delivery of those priorities across... Read more of this article
AXIS Accelerating Digital Technologies Efforts
AXIS Capital Holdings announced the launch of AXIS Digital Ventures, a new unit they said “will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value [re]insurance applications, new product opportunities including emerging risks, and new distribution and [re]insurance business models.” “AXIS... Read more of this article
AXIS Report Second Quarter Net Income: $93M
Bermuda-based AXIS Capital Holdings reported net income available to common shareholders for the second quarter of 2018 of $93 million, or $1.11 per diluted common share, compared to net income of $85 million, or $1.01 per diluted common share, for the second quarter of 2017. Net income available to common shareholders for the six months ended June... Read more of this article
AXIS Appoints Barbara Yastine To Board
AXIS Capital Holdings announced that Barbara A. Yastine has been appointed to the Company’s Board of Directors, effective July 1, 2018. A respected leader in the financial services and risk management sectors, Ms. Yastine was previously the CEO at Ally Bank and also served in the CFO role at Credit Suisse First Boston and in Citigroup’s Global... Read more of this article
AXIS Name Rohrmann Investor Relations Head
AXIS Capital Holdings Limited has named Matthew Rohrmann as its Head of Investor Relations. In this role, Mr. Rohrmann will be responsible for leading AXIS Capital’s engagement with the investment community and proactively communicating the Company’s vision, strategy and financial story. Mr. Rohrmann will report directly to CFO Peter Vogt and will... Read more of this article
AXIS Reports First Quarter Income Of $63M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2018 of $63 million, or $0.75 per diluted common share, compared to net income of $5 million, or $0.06 per diluted common share, for the first quarter of 2017. Operating income1 for the first quarter of 2018 was $123 million, or... Read more of this article
AXIS Launches Cyber Center Of Excellence
Addressing the more than $445 billion cost that companies incur each year due to the threat of cybercrime and cyberattacks, AXIS Capital Holdings Limited announced the launch of the AXIS Cyber Center of Excellence. It will provide a broad range of commercial insurance protection and mitigation solutions for tangible and intangible assets, relating... Read more of this article
A.M. Best Revises Outlooks For AXIS Capital
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of the operating subsidiaries of Bermuda-based AXIS Capital Holdings. Additionally, A.M. Best has revised the outlook to negative from stable and affirmed the Long-Term... Read more of this article
AXIS Reports Fourth Quarter 2017 Results
Bermuda-based AXIS Capital Holdings Limited reported net loss attributable to common shareholders for the fourth quarter of 2017 of $38 million, or $[0.46] per diluted common share, compared with net income of $131 million, or $1.48 per diluted common share, for the fourth quarter of 2016. Net loss attributable to common shareholders for the year ended... Read more of this article
AXIS Capital Finality On Legacy Novae Business
AXIS Capital Holdings Limited announced that AXIS Managing Agency Ltd, a subsidiary of AXIS Capital and the managing agent of Syndicate 2007 has entered into an agreement for the Reinsurance to Close [RITC] of the 2015 and prior years of account of Syndicate 2007. “This RITC transaction covers the net reserve for losses and loss expenses associated... Read more of this article
AXIS Capital Estimate Q4 Losses Of $130M
Bermuda-based AXIS Capital Holdings Limited announced that its preliminary estimate of the total net financial impact from fourth quarter 2017 catastrophe and weather-related losses is $130 million, net of tax and estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. This estimate... Read more of this article
AXIS Aligns Lloyd’s Managing Agency Platforms
AXIS Capital Holdings Limited and its operating subsidiaries [AXS] announced that it has received authorization from Lloyd’s for AXIS Managing Agency Ltd to commence management and oversight of Novae Syndicate 2007 and SPS 6129. The authorization became effective January 1, 2018, and creates a single managing agent structure for AXIS’ operations... Read more of this article
AXIS Capital Declares $0.39 Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited announced that the Company’s Board of Directors has declared a quarterly dividend of $0.39 per common share, which represents an increase of 3%. The common dividend will be payable on January 16, 2018 to the shareholders of record at the close of business on December 29, 2017. In addition, the Board declared... Read more of this article
AXIS Capital Prices $350 Million Of Senior Notes
Bermuda-based AXIS Capital Holdings Limited announced that its subsidiary, AXIS Specialty Finance PLC, has priced an offering of $350.0 million aggregate principal amount of 4.000% Senior Notes due 2027, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement. The Issuer intends to use the proceeds... Read more of this article
AXIS Capital Launches Offering Of Senior Notes
Bermuda-based AXIS Capital Holdings Limited has launched an offering by its subsidiary, AXIS Specialty Finance PLC of U.S. dollar-denominated, 10-year, senior, unsecured notes in aggregate principal amount of up to $350 million, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement. The Issuer... Read more of this article
AXIS Capital Report Q3 Loss Of $468 Million
Bermuda-based AXIS Capital Holdings Limited reported net loss attributable to common shareholders for the third quarter of 2017 of $468 million, or $[5.61] per diluted common share, compared to net income of $177 million, or $1.96 per diluted common share, for the third quarter of 2016. Net loss attributable to common shareholders for the nine months... Read more of this article
