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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 (NYSE: AXS) has announced a preliminary fourth-quarter net claims estimate of $195 million to $205 million, pre-tax, primarily due to catastrophes and weather-related events. This includes a significant $125 million estimation for COVID-19 claims, in addition to $235 million recognized earlier this year. Other related losses amount to $70 million to $80 million from events like Hurricanes Zeta and Delta. Despite these challenges, AXIS noted improvements in current accident year loss ratios. The full results will be reviewed on January 28, 2021.
AXIS Capital Holdings Limited (NYSE: AXS) will release its fourth quarter financial results on January 27, 2021, after market close. CEO Albert Benchimol and CFO Peter Vogt will host a teleconference on January 28, 2021, at 9:30 a.m. EST to discuss the results and answer questions. The teleconference can be accessed via phone and will also be available as a live webcast on the company's website. As of September 30, 2020, AXIS Capital reported shareholders' equity of $5.3 billion and has strong ratings from Standard & Poor's and A.M. Best.
AXIS Insurance, part of AXIS Capital (NYSE: AXS), has appointed Angus Lynn as Vice President, Professional Lines Underwriter in Bermuda. Lynn will focus on Commercial and Financial Institutions Professional Lines, including Lawyers Errors and Omissions. His extensive experience in the Bermuda market, including previous roles at XL Bermuda and Endurance Specialty Insurance, positions him to enhance AXIS's underwriting capabilities. This strategic hiring aims to address the evolving professional liability needs in the region, as highlighted by Hillary Williams, Executive VP for Professional Liability – Bermuda.
AXIS Insurance, part of AXIS Capital (NYSE:AXS), announced the recruitment of four senior underwriters to enhance its U.S. Excess and Surplus Property team. Carey Prewitt, Quinn McAleenan, and Bryan Paterson join as Vice Presidents, while Naomi Wiggins takes on the role of Assistant Vice President. Their collective experience aims to strengthen broker relationships and drive business growth. The new hires bring over 60 years of underwriting expertise, positioning AXIS to better address the complex risk needs of clients in the evolving market.
AXIS Capital Holdings Limited (NYSE: AXS) announced the retirement of Board members Christopher V. Greetham and Wilhelm Zeller, effective December 31, 2020. The Chairman, Henry Smith, acknowledged their significant contributions, particularly in guiding the company through transformation. Greetham has been on the Board since 2006, and Zeller since 2009. Since 2018, AXIS has added five new directors, indicating ongoing efforts to refresh leadership.
AXIS Capital has declared a quarterly dividend of $0.42 per common share, reflecting a 2.4% increase. This dividend is payable on January 15, 2021, to shareholders on record as of December 31, 2020. This marks the 17th consecutive year of dividend increases for AXIS Capital since its IPO in 2003. Additionally, a dividend of $34.375 per Series E Preferred Share will also be distributed on the same date to the same group of shareholders.
AXIS Re has appointed Emilie Hungenberg as a Senior Underwriter for Property in the EMEA and Latin America regions. Ms. Hungenberg will oversee a Property treaty portfolio for France, Benelux, Iberia, and Africa, collaborating with the underwriting team to implement AXIS Re’s strategy. Gino Smith, Head of Property, expressed confidence in her extensive underwriting experience and commercial networks. Hungenberg previously worked with Schroders and has held senior roles at RMS, MS Amlin, Sompo, and Odyssey Re. She will be based in Zurich.
AXIS Re has appointed David Bangs as the new Head of Japan, aiming to enhance its reinsurance services in the evolving Japanese market. Previously, Bangs held significant roles in Willis Re as Executive Director and Japan Representative. His experience is expected to strengthen AXIS Re's presence and expertise in the region. This strategic hiring aligns with AXIS Capital's commitment to provide exceptional service to clients across its global operations.
AXIS Insurance, part of AXIS Capital (NYSE:AXS), has appointed three lead underwriters in its U.S. Cyber and Technology team to enhance strategic growth. Ashley Sales, Jonah Papesh, and Eric Allen bring extensive experience from AIG, AXA XL, and Chubb, respectively. Their roles focus on underwriting profitability and managing client needs in a complex cyber landscape. AXIS also added three Senior Underwriters based in Chicago and Los Angeles, reinforcing its commitment to delivering exceptional service and understanding client requirements.
AXIS Insurance, a division of AXIS Capital (NYSE:AXS), has strengthened its U.S. Renewable Energy team by hiring three new underwriters: Kristopher Williams, Melissa Marsh, and Kevin Motta. Effective immediately, they will focus on underwriting renewable energy risks across wind, solar, and battery storage projects. The team is led by Sam Walsh, who emphasizes the significant growth in the U.S. renewable energy market. The new hires will enhance the company's expertise and service to brokers in this expanding sector.
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