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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 robust first-quarter 2023 financial results, achieving an annualized return on average common equity (ROACE) of 16.2% and operating ROACE of 18.8%. The company saw net income of $173 million, equating to $2.01 per diluted common share, up from $142 million or $1.65 per share in Q1 2022. Operating income reached $200 million, or $2.33 per diluted share, and a book value per diluted share increased to $50.31. AXIS reported a combined ratio of 91% and significant growth in gross written premiums, hitting $1.4 billion in its Specialty Insurance segment. A decrease in gross premiums written was noted, primarily in the Reinsurance segment, where a 26% drop was recorded. Leadership transitions are underway as Vince Tizzio takes over as CEO on May 4, 2023, following Albert Benchimol's tenure.
AXIS Capital Holdings Limited (NYSE: AXS) has appointed Megan Watt as Chief Claims Officer, effective April 17, 2023. She will be located in New York and report to Vince Tizzio, CEO of Specialty Insurance and Reinsurance, and future Group CEO from May 4, 2023. Ms. Watt will oversee the claims department globally and will implement policies to enhance operational effectiveness. With extensive experience in leading claims organizations from her previous roles at Chubb, Everest, and AIG, her addition is expected to strengthen AXIS's claims handling capabilities.
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