Welcome to our dedicated page for Axis Capital Holders news (Ticker: AXS), a resource for investors and traders seeking the latest updates and insights on Axis Capital Holders stock.
Axis Capital Holdings Limited (symbol: AXS) is a global leader in the insurance and reinsurance industry. The company offers a wide array of specialized risk transfer products and services, providing financial security and innovative solutions to clients and distribution partners worldwide. With a robust financial backbone, Axis Capital is rated “A+” (Strong) by Standard & Poor’s and “A+” (Superior) by A.M. Best, both with a stable outlook.
Headquartered in Bermuda, Axis Capital operates through a network of subsidiaries and branches spread across the United States, Canada, Europe, Australia, Latin America, and Singapore. The company's operations are divided into two main segments: AXIS Insurance and AXIS Reinsurance. AXIS Insurance delivers customized property, casualty, professional lines, and other specialty coverage through wholesale and retail brokers and managing general underwriters. Concurrently, AXIS Reinsurance provides capacity and expertise across treaty and facultative reinsurance on a global scale.
The company's dedicated teams in underwriting, claims, modeling, and actuarial functions are noted for their depth of knowledge and industry experience, positioning Axis Capital as a preferred partner. Axis's ethical, entrepreneurial, and disciplined culture promotes outstanding customer service and intelligent risk management, fostering long-lasting relationships and trust with their clients.
Axis Capital is committed to continuous improvement and adaptability, which is evident through its recent accomplishments and ongoing projects. The company consistently explores new avenues to enhance its product offerings and expand its market reach. This dedication to excellence and innovation ensures that Axis Capital remains at the forefront of the insurance and reinsurance sectors.
- Recent achievements include strategic partnerships that have fortified the company’s market position and broadened its service capabilities.
- Current projects focus on leveraging advanced technologies and data analytics to optimize risk assessment and underwriting processes.
- The company's strong financial condition is reflected in its stable outlook ratings, underscoring its reliability and claims-paying ability.
For more detailed information about their services and latest developments, visit their official website at Axis Capital.
AXIS Insurance has appointed three new leaders within its U.S. Excess and Surplus Property team, effective immediately. Michael Worman and David Malcom join as Senior Vice Presidents, while Lisa Finch comes in as Vice President. Their roles will focus on developing new business opportunities and enhancing relationships with distribution partners. Each has substantial experience, with Worman bringing 12 years, Malcom 18 years, and Finch over 40 years in the industry. AXIS Capital, parent company of AXIS Insurance, has a strong financial standing with $5.4 billion in shareholders' equity.
AXIS Capital Holdings Limited (NYSE: AXS) reported strong second-quarter results for 2021, with net income of $228 million ($2.67 per diluted share), significantly up from $112 million ($1.33 per diluted share) in Q2 2020. The company saw a 22% growth in gross premiums written, totaling $1.9 billion, driven by robust underwriting and investment performance. The current year ex-cat combined ratio improved to 88.7%. Management anticipates continued favorable pricing dynamics through 2022, providing a potential boost to underwriting profitability.
AXIS Re, part of AXIS Capital (NYSE:AXS), announced three internal promotions to bolster its reinsurance capabilities. Simon Stirnemann has been elevated to Head of EMEA LatAm Casualty, bringing over 15 years of experience. In addition, Allison Janisch is now Global Head of Casualty, while Rich Phillips is appointed Global A&H Product Lead. These roles aim to enhance coordination and leadership in the reinsurance segment, with appointments effective July 1. AXIS Capital maintains a strong financial foundation, evidenced by a $5.2 billion shareholder equity as of March 31, 2021.
AXIS Capital Holdings Limited (NYSE: AXS) has released its 2020 Loss Development Triangles, which detail paid, incurred, and ultimate losses on both net and gross bases as of December 31, 2020. The document includes data for 11 reserving classes across the Insurance and Reinsurance segments, aiding in a direct reconciliation with the Company’s financial reports. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and holds strong ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.
AXIS Capital has appointed Chris Caponigro as the new Global Head of AXIS ILS, effective July 22. The company has also rebranded its third-party capital unit to AXIS ILS. Caponigro brings extensive experience from his previous roles in the reinsurance sector, which includes leading business development at Mt. Logan Re. His expertise in investor relations and underwriting is expected to enhance AXIS ILS's market position. AXIS Capital reported shareholders' equity of $5.2 billion as of March 31, 2021, highlighting its strong financial foundation.
AXIS Re has appointed Matt LoPiccolo as Strategic Account Executive, Global Brokers, effective July 6. He will enhance relationships with AXIS Re’s Global Brokers and develop new business opportunities. LoPiccolo has over 24 years of experience in broking and insurance, joining AXIS in 2016 from AIG. His role aligns with AXIS Capital's One AXIS philosophy, emphasizing career growth and mobility.
The AXIS Re Strategic Partners initiative, created in 2018, focuses on serving selected clients and brokers, underlining the company’s commitment to client engagement.
AXIS Re, part of AXIS Capital (NYSE: AXS), has appointed Nicole Hanhart as Property Underwriter for EMEA & Latin America, effective July 1. With over 20 years of experience, Hanhart will manage a Property treaty portfolio in Latin America, collaborating closely with the regional underwriting team. Gino Smith, Head of Property for EMEA & Latin America, expressed confidence that her extensive client and broker network and technical skills will enhance AXIS Re's underwriting strategy. AXIS Capital, boasting $5.2 billion in shareholder equity, is well-rated for its specialty lines insurance and treaty reinsurance services.
AXIS Insurance, the specialty insurance segment of AXIS Capital (NYSE: AXS), has announced a year-long sponsorship of The Cyber Helpline, aimed at supporting victims of cyber crimes. This initiative is in response to a 362% rise in cases over the past year. The partnership will leverage AXIS's expertise in cyber risk management to provide resources and funding for victims. The Cyber Helpline offers anonymous 24/7 advice through a chatbot and connects users to expert volunteers to help them recover from cyber attacks.
AXIS Capital Holdings Limited (NYSE: AXS) is set to release its financial results for Q2 2021 on July 27, 2021, following the market close. The company will hold an investor teleconference on July 28, 2021, at 9:30 a.m. EDT to discuss the results, led by CEO Albert Benchimol and CFO Peter Vogt. Shareholders can access the call via phone or through a live webcast on the AXIS Capital website. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and holds strong ratings from Standard & Poor's and A.M. Best.
AXIS Insurance has appointed Keith Trivitt as the Head of Commercial & Strategic Partnerships in its International Division. Trivitt, based in London, will focus on enhancing commercial initiatives and developing profitable growth opportunities for AXIS and its brokers. With 15 years of experience and a strong track record in marketing and communications, he aims to strengthen relationships with key customers. The firm has a solid financial foundation, with shareholders' equity of $5.2 billion as of March 2021, and holds high ratings from Standard & Poor's and A.M. Best.
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