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AXIS & ABIR Pay Tribute To Michael Butt
[Updated] The Association of Bermuda Insurers & Reinsurers [ABIR] paid tribute to the late Michael Butt saying he was an “industry legend” and a “passionate voice for the Bermuda market.” ABIR Chair and CEO of Hamilton Insurance Group Pina Albo said, “Michael was an industry legend. His leadership over decades was significantly... 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 $0.43 per common share payable on October 18, 2022 to shareholders of record at the close of business on October 3, 2022. 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
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. The ratings agency said, “The ratings reflect AXIS’ balance sheet strength, which AM Best assesses as strongest, as well as its adequate... Read more of this article
AXIS Capital Announces INSEAD Endowment
AXIS has endowed $250,000 to INSEAD in order to create the Michael A. Butt Fund for Business & Society. A spokesperson said, “AXIS Capital Holdings Limited announced today a $250,000 endowment to INSEAD, the business school for the world, to create a research fund on behalf of former AXIS Chair of the Board Michael Butt, OBE. The Michael A.... 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 $0.43 per common share payable on July 15, 2022 to shareholders of record at the close of business on June 30, 2022. 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 Insurance Enters Pet Insurance Market
AXIS Insurance has entered the pet insurance market via its Accident and Health unit through a strategic relationship with Managing General Underwriter Petplan. AXIS Insurance will provide underwriting capacity for comprehensive pet insurance policies for dogs and cats in the U.S. and Canada. “Our relationship with Petplan is an exciting way for... Read more of this article
AXIS Capital Holdings 2021 Third Quarter Results
AXIS Capital Holdings Limited announced financial results for the third quarter ended September 30, 2021. Commenting on the third quarter 2021 financial results, Albert Benchimol, President and CEO of AXIS Capital, said: “Once again our industry was challenged by severe weather events and our focus continues to be on supporting our clients and the... Read more of this article
AXIS Insurance Hires Angus Lynn As VP
AXIS Insurance announced the appointment of Angus Lynn as Vice President, Professional Lines Underwriter in its Bermuda office. The company said, “AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited [AXIS Capital], today announced the hiring of Angus Lynn as Vice President, Professional Lines Underwriter in... Read more of this article
AXIS & Kennedys Launch New Insurance Product
AXIS Insurance and Kennedys Law announced a collaboration for services in connection with the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company offices. “The marine shipping insurance market dates back... Read more of this article
AXIS Re Hires Sue Ringold And Bill Orendorf
AXIS Re, the reinsurance business segment of AXIS Capital Holdings, announced the hiring of underwriters Sue Ringold and Bill Orendorf, effective immediately. Ms. Ringold joins as a Senior Underwriter and Mr. Orendorf as an Underwriter. They will be joining the North America Property team and will be based in Bermuda. “Sue and Bill both bring valuable... Read more of this article
AXIS Announces Retirement Of Michael Butt
AXIS Capital Holdings Limited announced today that Michael Butt, Chairman of the Board of Directors, will retire from the Company, effective September 16, 2020. “A co-founder of AXIS and member of the Insurance Hall of Fame, Mr. Butt is a recognized industry leader who is credited for his instrumental role in establishing Bermuda as one of the... Read more of this article
AXIS Expands Renewable Energy Expertise
AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, announced the appointments of Sam Walsh as senior underwriter and Mat Pifer as an underwriter in its renewables division. Messrs. Walsh and Pifer will be jointly responsible for underwriting new and renewal, property and liability renewable energy business in North America,... 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 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 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 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
