Hashtag: #AXISCapital
AXIS Reports First Quarter Income Of $5M
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2017 of $5 million, or $0.06 per diluted common share, compared to $38 million, or $0.41 per diluted common share, for the first quarter of 2016. Albert Benchimol, President and CEO of AXIS Capital, said: “Notwithstanding the pressure... Read more of this article
Photo Set #5: Ag Show At Botanical Gardens
The 2017 Bermuda Agricultural Show wrapped up over the weekend, with lead sponsor AXIS saying they are “proud to continue to serve as the lead sponsor of the Bermuda Ag Show.” A spokesperson said, “AXIS Capital is proud to continue to serve as the lead sponsor of the Bermuda Ag Show, part of our Company’s commitment to giving back in the... Read more of this article
Ag Show: AXIS Sponsor “Kids Free On Friday”
Ag Show Ltd and AXIS Capital today [March 24] announced a three-year partnership whereby AXIS will continue as lead sponsor of the annual Bermuda Agricultural Show, with the sponsorship to include the introduction of the ‘AXIS Kids Free on Friday’ initiative. “As part of the partnership, and consistent with its desire to support youth and... Read more of this article
AXIS Estimate Impact Of Ogden Rate Change
Bermuda-based AXIS Capital Holdings Limited announced the estimated impact of the recent UK Ministry of Justice’s reduction of the discount rate used to calculate lump sum awards in UK bodily injury cases, known as the Ogden Rate. “AXIS Capital estimates that the pre-tax impact of the Ogden rate change on the Company’s carried reserves for... Read more of this article
AXIS Capital Redeems 6.875% Series C Shares
Bermuda-based AXIS Capital Holdings Limited announced that it will redeem 14,042,955 of its 6.875% Series C Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share, constituting all of its outstanding Preferred Shares, representing $351,073,875 in aggregate liquidation preference of Preferred Shares, on April 17, 2017... Read more of this article
AXIS Capital Declares $0.38 Quarterly Dividend
Bermuda-based AXIS Capital Holdings Limited declared a quarterly dividend of $0.38 per common share. The common dividend will be payable on April 17, 2017 to the shareholders of record at the close of business on March 31, 2017. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share, a dividend of $0.34375 per Series... Read more of this article
John “Jay” Nichols Resigns As CEO Of AXIS Re
AXIS Capital Holdings announced that John “Jay” Nichols has resigned his position as Chief Executive Officer of AXIS Re. Mr Nichols has agreed to remain with the Company in a transitional role until March 31, and the Company has named Jan Ekberg to succeed him as Interim CEO of AXIS Re. Mr. Ekberg, who has been with the Company since 2004, currently... Read more of this article
AXIS Capital 2016 Q4 Net Income: $131 Million
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2016 of $131 million, or $1.48 per diluted common share, compared with net income of $135 million, or $1.39 per diluted common share, for the fourth quarter of 2015. Net income available to common shareholders for the full year... Read more of this article
AXIS Capital Launches Office In Miami, Florida
AXIS Capital Holdings Limited announced the formation of AXIS Specialty Underwriters Inc., based in Miami, to operate as the Company’s Latin American and Caribbean regional coverholder for AXIS Syndicate 1686. AXIS Miami will operate within AXIS Insurance’s International Division and will provide direct and facultative reinsurance coverage to the... Read more of this article
AXIS Donates $15K To Duke of Edinburgh Award
AXIS Capital has made a contribution to the island’s youth by confirming their Gold Level Donor partnership with The Duke of Edinburgh’s International Award Bermuda, with the AXIS Charitable Donations Committee donating $15,000 to the Award. The Award’s National Director, Traci Burgess, stated, “We are grateful to AXIS for their investment in... Read more of this article
Axis Donates $5,000 To Masterworks Museum
Just in time for their 30th anniversary, Masterworks Museum of Bermuda Art has been given a gift of $5,000 from local reinsurance company, Axis Capital. Axis’ Charitable Donations Committee selects a handful of community minded charities to support each year. Their donation to Masterworks will ensure the museum is able to continue its Art 4 All programme... Read more of this article
AXIS ‘Delighted’ To Support BNG Art Education
AXIS Specialty Limited has agreed to give $10,000 toward the education programmes at the Bermuda National Gallery, saying they are “delighted to support this cause” and “hope that many more children benefit from these initiatives. ” “Research proves that engagement with art can improve critical thinking skills, overall... Read more of this article
AXIS $1 Billion Share Repurchase Authorization
Bermuda-based AXIS Capital Holdings announced that the Company’s Board of Directors has authorized the repurchase of up to $1 billion of the Company’s common shares. The Board has authorized the Company to effect repurchases under this new plan in open market or privately negotiated transactions through December 31, 2017, depending on market conditions. This... Read more of this article
AXIS Capital Announces Acquisition of Aviabel
Bermuda-based AXIS Capital Holdings has agreed to acquire general aviation insurance and reinsurance leader Aviabel, increasing the company’s scale and relevance in the global aviation market. The “Aviabel” brand, including its Dutch brand “NLP” [“Nederlandse Luchtvaartpool”], will be retained as Belgium-based Aviabel supports the continued... Read more of this article
Axis Capital Donates To Age Concern Bermuda
Axis Capital demonstrated its support of the island’s seniors by making a donation to Age Concern Bermuda, saying “we must never forget that older adults are an important part of the fabric of Bermuda.” According to the Axis Charity Committee, “The aim of our Charitable Donations Committee is to look for opportunities to support initiatives... Read more of this article
AXIS Offering 5.50% Series E Preferred Shares
Bermuda-based AXIS Capital Holdings Limited has priced an offering of 22,000,000 depositary shares, each representing a 1/100th ownership interest in a share of its 5.50% Series E Preferred Shares, par value $0.0125 per share and a liquidation preference of $2,500.00 per share [equivalent to $25 per depositary share], or $550,000,000 in aggregate... Read more of this article
