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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 has announced a significant executive transition within its insurance segment.
AXIS Capital Holdings Limited (NYSE: AXS) will release its fourth quarter financial results for the period ending December 31, 2021, on January 26, 2022, post market close. An investor teleconference, featuring Albert Benchimol and Peter Vogt, will follow on January 27, 2022, at 9:30 a.m. ET, allowing for a Q&A session. Access the call via phone or a live webcast on their website. AXIS Capital reported shareholders' equity of $5.3 billion as of September 30, 2021.
AXIS Capital has appointed Helen O’Sullivan as Global Treasurer, effective January 1, subject to regulatory notifications. O’Sullivan, who joined AXIS in 2007, will manage capital, foreign currency, cash, and liquidity, and report to CFO Peter Vogt. She previously served as CEO of AXIS’ Irish entities and brings extensive experience in global insurance. AXIS Capital reported shareholders' equity of $5.3 billion as of September 30, 2021, and maintains strong ratings from Standard & Poor's and A.M. Best.
AXIS Capital has announced the appointment of Kenneth Hosp as Vice President of the U.S. Excess Casualty team, effective immediately. He will focus on strengthening relationships with wholesale partners and enhancing initiatives, particularly in the transportation sector. Mr. Hosp brings extensive experience from Gen Re and has held various underwriting roles in the insurance industry. With shareholders' equity of
AXIS Capital announced a $100 million share repurchase program effective through December 31, 2022. The Company will repurchase shares opportunistically based on market conditions. Additionally, a quarterly dividend of $0.43 per share was declared, marking an increase of 2.4% and continuing the Company's 18th consecutive year of dividend growth. The dividend is payable on January 18, 2022.
AXIS Capital maintains strong financials with shareholders' equity of $5.3 billion as of September 30, 2021.
AXIS Capital Holdings has appointed Patrick Witteveen as Head of AXIS ILS Business Development and Kyle Freeman as Head of ILS Structuring, Property. Witteveen brings over 20 years of experience in business development, while Freeman has a strong background in the ILS market. Their appointments aim to enhance AXIS ILS's capabilities and presence in attractive markets. AXIS ILS focuses on matching risk with the right capital, leveraging its integrated model and expertise in underwriting and portfolio management.
AXIS Insurance, part of AXIS Capital (NYSE: AXS), has announced the appointment of Chelsea McIntyre and Nicholas Crowder as Vice Presidents for its US Excess and Surplus (E&S) Property team. McIntyre, based in San Francisco, brings nearly ten years of insurance experience from Westchester and other firms. Crowder, located in Chicago, also has close to a decade of E&S Property experience, previously working at AmRisc, Zurich, and Allianz Global. Their roles are expected to enhance AXIS's E&S business growth strategy.
AXIS Insurance, part of AXIS Capital (NYSE: AXS), has entered the pet insurance market through a partnership with Petplan, a leading Managing General Underwriter in North America. This collaboration aims to provide comprehensive pet insurance coverage for dogs and cats in the U.S. and Canada. Petplan, which insures over 280,000 pets, offers a mobile platform that enhances customer experience with seamless claims and health tracking. This strategic move aligns with AXIS's existing Accident and Health insurance portfolio, expanding its presence in a growing market.
AXIS Capital Holdings Limited (AXS) reported its Q3 2021 results, achieving a net income of $47 million ($0.56 per share) compared to a net loss of $73 million in Q3 2020. The current accident year combined ratio improved by 4.8 points to 87.6%, excluding catastrophe losses. Catastrophe and weather-related losses totaled $250 million, affecting the results primarily due to Hurricane Ida. Gross premiums written rose by 24% to $1.6 billion, and the annualized ROACE was 3.9%. Book value per share decreased by 1.2% to $54.86, reflecting competitive market conditions.
AXIS Capital announced updates to its fossil fuel underwriting and investment policy, committing to phase out thermal coal by 2030 in OECD countries and 2040 globally. The new policy also includes thermal coal developers and continues to support renewable energy projects. Furthermore, AXIS is investing $20 million in BlackRock’s Climate Finance Partnership, focusing on climate-infrastructure investments in emerging markets. These initiatives align with AXIS’s commitment to a low-carbon economy and corporate citizenship efforts led by its executives.
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