Welcome to our dedicated page for Axis Cap Hldgs news (Ticker: AXS), a resource for investors and traders seeking the latest updates and insights on Axis Cap Hldgs 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 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.
AXIS Re, the reinsurance segment of AXIS Capital (NYSE:AXS), has announced leadership changes aimed at enhancing its Property Reinsurance division and simplifying structure. Ann Haugh has been appointed President of the Global Property Division; Andy Hottinger will lead the newly formed International Division; Jonathan Gray is now President of the Specialties Division; and Jason Busti will continue to lead the North America Division. The changes take effect July 1, reflecting AXIS Re's commitment to strong client engagement and market adaptability.
AXIS Capital has declared a quarterly dividend of $0.42 per common share, payable on July 15, 2021, to shareholders of record by June 29, 2021. Additionally, a dividend of $34.375 per Series E 5.50% Preferred Share will also be paid on the same date, equivalent to $0.34375 per depositary share. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and maintains strong ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.
AXIS Insurance has appointed Thomas Uribe as Assistant Vice President for its U.S. Excess Casualty business. Based in Alpharetta, Georgia, he will enhance relationships with distribution partners and support new business initiatives. Uribe brings extensive experience from AXA XL, Berkshire Hathaway, and Swiss Re, which positions him as a valuable asset for meeting complex client needs. This strategic hiring aims to strengthen AXIS's underwriting strategy and response to the evolving Excess Casualty marketplace.
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).
FAQ
What is the current stock price of Axis Cap Hldgs (AXS)?
What is the market cap of Axis Cap Hldgs (AXS)?
What products and services does Axis Capital Holdings Limited offer?
Where is Axis Capital Holdings Limited headquartered?
What are the main business segments of Axis Capital?
What are the financial ratings of Axis Capital?
In which countries does Axis Capital operate?
How does Axis Capital distinguish itself in the industry?
What recent achievements has Axis Capital accomplished?
What are the current projects Axis Capital is working on?
How can I get more information about Axis Capital's services?
What is the significance of Axis Capital's financial strength?
