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 Capital (AXS) reported second-quarter 2022 financial results, highlighting a current accident year combined ratio of 93.4% and operating ROE of 13.7%. Net income available to common shareholders was $27 million, down from $228 million year-over-year. The company saw gross premiums written grow by 9% to $2.1 billion, with a significant 16% increase in the insurance segment. However, net income per diluted share decreased to $0.32 from $2.67 in the same quarter of 2021. AXIS announced its exit from property reinsurance, aiming for a more focused and profitable specialty underwriting position.
AXIS Capital Holdings Limited (NYSE: AXS) will release its financial results for the second quarter ended June 30, 2022, on July 26, 2022, post-market close. An investor teleconference is scheduled for July 27, 2022, at 9:30 a.m. EDT, to discuss the results. Shareholders can participate by calling designated numbers or via a live webcast on the company’s website. As of March 31, 2022, AXIS Capital reported shareholders' equity of $5.1 billion and maintains strong ratings with 'A+' from Standard & Poor's and 'A' from A.M. Best.
AXIS Capital Holdings Limited (NYSE: AXS) has published its 2021 Loss Development Triangles, detailing paid, incurred, and ultimate losses across 11 reserving classes within its Insurance and Reinsurance segments. The data is effective as of December 31, 2021, and is accessible on the Company’s website. As of March 31, 2022, AXIS Capital reported shareholders' equity of $5.1 billion. The Company operates globally, offering specialty insurance and treaty reinsurance with ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.
AXIS Capital Holdings Limited (NYSE: AXS) has announced strategic changes to enhance its specialty underwriting capabilities. Key initiatives include appointing Vince Tizzio as CEO of Specialty Insurance and Reinsurance, expanding digital solutions for small-to-mid-sized enterprises, and focusing AXIS Re on casualty and specialty lines while exiting property reinsurance to reduce catastrophe risk exposure. The company aims to streamline operations with a new global Chief Underwriting Officer overseeing analytics. These changes are expected to create more value for customers and shareholders.
AXIS Capital has announced a $250,000 endowment to INSEAD to create the Michael A. Butt Fund for Business & Society, honoring former Chairman Michael Butt's legacy. This fund will support the Hoffmann Global Institute for Business and Society, focusing on research that aligns with the UN Sustainable Development Goals. The institute aims to address significant global issues by fostering responsible business practices and development among future leaders. AXIS, a global insurance provider, reported shareholders' equity of $5.1 billion as of March 31, 2022.
AXIS Capital Holdings Limited (NYSE: AXS) announced a quarterly dividend of $0.43 per common share, payable on July 15, 2022, to shareholders on record by June 30, 2022. Additionally, a dividend of $34.375 for Series E preferred shares is also declared for the same payment date. As of March 31, 2022, AXIS Capital reported shareholders' equity of $5.1 billion and maintained strong ratings from Standard & Poor's and A.M. Best, showcasing its financial stability and commitment to returning value to shareholders.
AXIS Capital has established a new strategic Portfolio Underwriting unit, led by
AXIS Capital reported strong first-quarter 2022 financial results with a combined ratio of 91.4%, a significant 7.5-point improvement from the previous year. Net income available to common shareholders was $142 million ($1.65 per diluted share), up from $116 million ($1.36 per diluted share) in Q1 2021. The insurance segment saw a 20% growth in premiums, while the reinsurance segment faced a 9% decline. Book value per share decreased to $51.97, impacted by unrealized losses. The company aims to enhance efficiency and achieve profitable growth amid ongoing challenges.
AXIS Capital Holdings Limited (NYSE: AXS) will announce its financial results for Q1 2022 on April 27, 2022, after market close. The company will hold an investor teleconference on April 28, 2022, at 9:30 a.m. EDT to discuss these results. Shareholders can access the call via phone or through a live webcast on the company’s website. As of December 31, 2021, AXIS Capital reported shareholders' equity of $5.4 billion and maintains strong ratings from Standard & Poor's and A.M. Best.
AXIS Capital Holdings Limited has appointed Fintan Mullarkey as the new CEO of AXIS Specialty Europe SE, pending regulatory approval. Mullarkey, who has been with AXIS for 18 years and served as Head of Finance for the past decade, will oversee ASE and its branches across Europe. He succeeds Helen O'Sullivan, who has transitioned to Group Treasurer. This leadership change reflects AXIS's strategy to strengthen its operations in the specialty insurance sector.
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?
