Axis Cap Hldgs Ltd - AXS STOCK NEWS

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.

AXIS Insurance, part of AXIS Capital Holdings Limited (NYSE:AXS), has appointed Jennifer Miller as a Senior Underwriter in its Environmental Liability team. Effective immediately, she will target new business opportunities and enhance relationships with distribution partners in the U.S. South and Central regions. With over 30 years of experience, Miller has held key underwriting roles at various companies and holds a Master of Science in Water Resources & Environmental Engineering from Villanova University.

AXIS Capital Holdings Limited (NYSE:AXS) has declared a quarterly dividend of $0.42 per common share, payable on April 15, 2021, to shareholders of record by March 31, 2021. Additionally, a dividend of $34.375 per Series E 5.50% Preferred Share (or $0.34375 per depositary share) will also be distributed on the same date to eligible shareholders. With shareholders' equity at $5.3 billion as of December 31, 2020, AXIS Capital maintains strong ratings of A+ from Standard & Poor's and A from A.M. Best.

AXIS Insurance has appointed Carol Chavers as the new Underwriting Innovation Lead for Small Specialty Commercial. This strategic move aims to enhance underwriting processes and digital capabilities within the unit. Ms. Chavers will focus on boosting growth for the AXIS Home Based Business product, tailored for home businesses. With nearly 30 years of underwriting experience, she previously held senior roles at The Cincinnati Insurance Company and CNA Financial. She will report to Jill Bryant, Head of Small Specialty Commercial.