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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 Capital Holdings Limited (AXS) reported its first-quarter 2021 results, showing a net income of $116 million, or $1.36 per diluted share, following a net loss of $(185) million in Q1 2020. The combined ratio improved to 98.9%, down from 119.8% year-over-year. Gross premiums written increased by 4% to $2.5 billion, with insurance segment premiums up 17%. Catastrophe-related losses significantly decreased from 2020, totaling $110 million compared to $300 million. The company highlighted progress in re-underwriting efforts and strong market conditions, positioning AXIS for continued improvement.
AXIS Re, a segment of AXIS Capital (NYSE: AXS), has appointed Lisa Hiscock as Senior Underwriter for Lloyd’s Casualty, effective immediately. She brings over 10 years of industry experience, having worked at Hiscox and AXA XL. In her role, Ms. Hiscock will underwrite Lloyd’s Casualty treaty business, enhance existing partnerships, and identify growth opportunities. Her experience across various classes and regions is expected to aid AXIS Re in achieving its business objectives. She will initially be based in Australia before relocating to the UK later in 2021.
AXIS Capital Holdings Limited (NYSE: AXS) has announced a preliminary net loss estimate of $105 million to $115 million for the first quarter, primarily due to weather-related events like Winter Storms Uri and Viola, with losses in Texas estimated at $80 million to $90 million. The company confirmed no changes to its COVID-19 pandemic loss estimates from 2020. Additionally, AXIS reported improvements in accident year loss ratios, excluding catastrophe losses. A conference call discussing these results is set for April 29, 2021, at 9:30 AM (EDT).
AXIS Capital Holdings Limited (NYSE: AXS) is set to release its financial results for Q1 2021 on April 28, 2021, post-market. CEO Albert Benchimol and CFO Peter Vogt will discuss the results in an investor teleconference on April 29, 2021, at 9:30 a.m. EDT. The teleconference can be accessed via phone or through a live webcast on the company's website. AXIS Capital has reported shareholders' equity of $5.3 billion as of December 31, 2020, with strong ratings from Standard & Poor's and A.M. Best.
AXIS Insurance has appointed Stacey Sutts as the new Lead Underwriter for U.S. Accident and Health, effective immediately. Sutts will focus on expanding partnerships and exploring growth opportunities in various coverage areas, enhancing the company's specialty A&H underwriting strategy. With over 17 years in underwriting and actuarial roles, she previously worked at Chubb and Prudential Financial. The decision reflects AXIS Capital's commitment to growth in the specialty A&H sector, as noted by James Hamilton, Global Head of A&H for AXIS Insurance.
AXIS Insurance, a part of AXIS Capital (NYSE:AXS), has announced the hiring of two seasoned underwriters for its Global Cyber and Technology team. Alex White joins as Senior Underwriter focusing on Cyber and Technology Errors and Omissions in Bermuda, while Jeff Bayer will focus on similar risks for small and medium-sized enterprises in the U.S. Both individuals bring years of relevant experience, enhancing AXIS's capabilities to address complex risks in the evolving cyber threat landscape.
AXIS Insurance has partnered with Elpha Secure to enhance cyber insurance solutions for small businesses. This collaboration aims to provide comprehensive cyber security tools through Elphaware, a SaaS application designed to mitigate cyber threats. Key features of Elphaware include secure backups, multi-factor authentication, rapid system restoration, VPN creation, and anomaly detection. Dan Trueman, Global Head of Cyber and Technology at AXIS, emphasized the need for effective cyber risk management. The partnership is expected to improve resilience and stability for small enterprises facing increasing cyber risks.
AXIS Insurance, a segment of AXIS Capital Holdings Limited (NYSE: AXS), has appointed Paul Fillbrook as Senior Underwriter for International Accident & Health. Mr. Fillbrook will focus on Personal Accident, Illness, and Travel markets, specifically in Aviation and Marine industries, while based in London. His extensive 30-year experience includes roles at Brit Insurance Group and AEGIS. This strategic hiring aims to enhance AXIS's international business growth and improve solutions for complex client risks.
AXIS Capital announced the appointment of Michael Millegan and Axel Theis to its Board of Directors, effective April 1. Millegan will serve on the Audit and Compensation Committees, while Theis will be part of the Audit and Risk Committees. Chairman Henry Smith praised their leadership experience, highlighting Millegan’s background in digital technology and Theis’s extensive knowledge in the insurance sector. This move is part of a succession planning strategy intended to balance experienced and new perspectives within the Board. The Board will now consist of 11 members, 10 of whom are independent.
AXIS Re, a segment of AXIS Capital Holdings, has appointed Kavan Tucker as a Senior Mortgage Underwriter, effective March 1, 2021. With nearly 20 years in the industry, Tucker's expertise spans mortgage, specialty, property, and ILS sectors. He aims to develop a profitable Mortgage book focusing on U.S. GSEs and Mortgage Insurer transactions, enhancing key client relationships. AXIS Capital has a shareholder equity of $5.3 billion and holds strong ratings from Standard & Poor's and A.M. Best.
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