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 (NYSE: AXS) is a Bermuda-incorporated global specialty underwriter and provider of insurance and reinsurance solutions. The AXS news page on Stock Titan aggregates company announcements, earnings releases, and other disclosures so readers can follow developments affecting this specialty insurance and reinsurance group.
Recent AXIS Capital news includes quarterly financial results detailing net income, operating income, combined ratios, underwriting income, and book value per diluted common share for both its AXIS Insurance and AXIS Reinsurance segments. The company also issues releases on the timing of its quarterly earnings calls, where management discusses performance, portfolio composition, catastrophe and weather-related losses, reserve development, and investment income.
Investors and analysts can use this news feed to track AXIS Capital’s capital management actions, such as share repurchase programs, stock repurchase agreements with institutional investors, and dividend declarations on common and preferred shares. The company additionally reports on strategic initiatives, including the launch of AXIS Capacity Solutions, a business unit focused on structured and multi-line portfolio capacity deals, and collaborations with partners in the specialty (re)insurance market.
Governance and leadership updates also feature in AXIS Capital’s news, including announcements about executive appointments and planned transitions in senior finance roles. Conference participation and investor presentation notices provide further insight into how AXIS communicates its specialty underwriting strategy, operational programs such as "How We Work," and its use of data, technology and AI. For readers following AXS, this page offers a centralized view of the company’s official communications and market-facing updates.
The Board of Directors of MVB Financial Corp. has appointed W. Marston Becker as the new Chairman, succeeding David B. Alvarez, who is retiring. Mr. Becker joined the Board in November 2020 and has extensive experience in the insurance sector, having held leadership roles in various organizations, including QBE Insurance Group and Alterra Capital Holdings. CEO Larry Mazza highlighted Mr. Becker's valuable experience as MVB implements its strategic plan. Mr. Becker's leadership is anticipated to bolster MVB's growth trajectory.
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 Christine Cook, targeting multi-class risks in the London specialty insurance market. This initiative aims to drive growth by leveraging technology and analytics, focusing on data-driven and relationship-oriented underwriting. Cook’s extensive experience in the London market is expected to enhance AXIS's capabilities. The company maintains an A+ rating from Standard & Poor's and A rating from A.M. Best, reaffirming its strong market position.
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.