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Axis Capital Holders Limited - AXS STOCK NEWS

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.

News

AXIS Capital Declares Quarterly Dividends

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AXIS Capital Holdings Limited (AXS) announces a quarterly dividend of $0.44 per common share and $34.375 per Series E 5.50% preferred share, payable on April 18, 2024, to shareholders of record on March 4, 2024.
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AXIS Capital Reports Fourth Quarter 2023 Results

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AXIS Capital Holdings Limited (AXIS) reports a net loss attributable to common shareholders of $(150) million for the fourth quarter of 2023, with a net income available to common shareholders of $346 million for the year ended 2023. The company also achieved an operating income of $486 million and a 4.5 point year-over-year improvement in the current accident year combined ratio to 91.8%. The book value per diluted common share increased by $7.11, or 15.1%, compared to December 31, 2022.
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AXIS Capital Announces Preliminary 2023 Full-Year Financial Results and Conclusion of Reserve Review

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AXIS Capital Holdings Limited (AXIS) announced preliminary financial results for the year ended December 31, 2023, reporting net income of $346 million, an increase in gross premiums written of $142 million, and a current accident year combined ratio of 91.8%. The company also strengthened its prior year reserves by $425 million, pre-tax, and expects to release financial results on January 31, 2024. AXIS CEO, Vince Tizzio, expressed confidence in the company's trajectory to becoming a specialty underwriting leader, highlighting consistent premium growth and a strong capital position.
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AXIS Capital to Release Fourth Quarter Financial Results on January 31, 2024

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AXIS Capital Holdings Limited (AXS) expects to release financial results for the fourth quarter ended December 31, 2023 on January 31, 2024. The President and CEO, Vince Tizzio, and CFO, Peter Vogt, will host an investor teleconference on February 1, 2024, to discuss the results and related matters.
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Axis Names Cliff Gallant Head of Investor Relations and Corporate Development

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AXIS Capital Holdings Limited (AXS) appoints Cliff Gallant as Head of Investor Relations and Corporate Development, bringing extensive insurance expertise to deepen engagement within the investment community and foster understanding of the company's vision and strategy.
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AXIS Prepares To Launch Energy Resilience Syndicate 2050 Following In-Principle Approval From Lloyd’s

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AXIS Capital Holdings Limited (AXIS) (NYSE: AXS) has received in-principle approval from Lloyd’s to establish a new syndicate, Energy Resilience Syndicate 2050, aimed at providing capacity for new energy projects that support the transition to net zero. The syndicate will offer specialist insurance solutions for cross-class risks over the lifecycle of projects and activities associated with replacing or displacing fossil fuels through lower-carbon alternatives. AXIS aims to lead the market in offering specialty insurance solutions that enable investment, innovation, and technological developments necessary to develop cleaner, more resilient sources of energy.
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AXIS Capital Declares Quarterly Dividends

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AXIS Capital Holdings Limited (AXS) declares a quarterly dividend of $0.44 per common share and $34.375 per Series E 5.50% preferred share. The Board also renews authorization for the repurchase of up to $100 million of the Company’s common shares.
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AXIS Names Stan Galanski to Its Board of Directors

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AXIS Capital Holdings Limited (AXS) appoints Stan Galanski, a seasoned industry expert, to its Board of Directors, emphasizing his extensive experience in the property and casualty space and global specialty insurance. With a history of driving underwriting excellence and operational transformation, Mr. Galanski's appointment reflects the company's commitment to advancing its ambition to be a specialty underwriting leader.
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AXIS Closes Market’s First 144A Cyber Catastrophe Bond

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AXIS Capital Holdings Limited (AXS) has closed the market's first 144A cyber catastrophe bond, a $75 million transaction providing fully collateralized indemnity reinsurance protection for systemic cyber events on a per occurrence basis. Long Walk Reinsurance Ltd. issued $75 million of Series 2024-1 Class A notes, maturing January 2026, to support the reinsurance agreement with the Company. The transaction is a strong example of AXIS demonstrating leadership through innovation and developing specialty solutions to address challenges in the marketplace. It is expected to serve as a template for the catastrophe bond market to support the availability of cyber insurance capacity in the future.
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AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $181 Million, or $2.10 Per Diluted Common Share and Operating Income of $202 Million, or $2.34 Per Diluted Common Share

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AXIS Capital Holdings Limited (AXIS) reported strong financial results for Q3 2023, with an annualized return on average common equity (ROACE) of 16.1% and annualized operating ROACE of 18.0%. The combined ratio improved by 11.6 points to 92.7%, and the catastrophe and weather-related losses ratio decreased by 13.4 points to 3.2%. For the nine months ended September 30, 2023, AXIS reported net income available to common shareholders of $496 million, or $5.77 per diluted common share, and operating income of $593 million, or $6.90 per diluted common share. The book value per diluted common share increased by $4.22, or 9.0%, compared to December 31, 2022.
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FAQ

What is the current stock price of Axis Capital Holders (AXS)?

The current stock price of Axis Capital Holders (AXS) is $90.03 as of December 20, 2024.

What is the market cap of Axis Capital Holders (AXS)?

The market cap of Axis Capital Holders (AXS) is approximately 7.3B.

What products and services does Axis Capital Holdings Limited offer?

Axis Capital provides property, casualty, professional lines, and other specialty insurance coverage, as well as reinsurance solutions globally.

Where is Axis Capital Holdings Limited headquartered?

Axis Capital is headquartered in Bermuda.

What are the main business segments of Axis Capital?

The main business segments are AXIS Insurance and AXIS Reinsurance.

What are the financial ratings of Axis Capital?

Axis Capital is rated “A+” (Strong) by Standard & Poor’s and “A+” (Superior) by A.M. Best, both with a stable outlook.

In which countries does Axis Capital operate?

Axis Capital operates in the United States, Canada, Europe, Australia, Latin America, and Singapore, among others.

How does Axis Capital distinguish itself in the industry?

Axis Capital distinguishes itself through its experienced underwriting, claims, modeling, and actuarial teams, and its ethical, entrepreneurial, and disciplined culture.

What recent achievements has Axis Capital accomplished?

Recent achievements include strategic partnerships that enhance market position and service capabilities.

What are the current projects Axis Capital is working on?

Current projects focus on leveraging advanced technologies and data analytics to improve risk assessment and underwriting.

How can I get more information about Axis Capital's services?

For more information, visit Axis Capital's official website at http://www.axiscapital.com/en-us/insurance.

What is the significance of Axis Capital's financial strength?

Axis Capital's strong financial condition and ratings underscore its reliability and ability to pay claims.

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Axis Capital Holders Limited

NYSE:AXS

AXS Rankings

#1024 Ranked by Market Cap
#1417 Ranked by Dividends

AXS Stock Data

7.33B
76.42M
0.51%
96.78%
1.32%
Insurance - Specialty
Fire, Marine & Casualty Insurance
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United States of America
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