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.
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.
AXIS Capital announced three senior appointments in its Financial Institutions London team, aimed at enhancing relationships with distribution partners. The new senior underwriters, Beth Convey, Julieta Moya, and Mark Sutton, bring diverse expertise from previous roles at companies like CNA Hardy and Marsh McClennan. According to Calum McPherson, Head of Financial Institutions, these appointments support the growth strategy of AXIS in the London market.
AXIS Capital holds shareholders' equity of $5.4 billion as of June 30, 2021, and boasts strong ratings from Standard & Poor's and A.M. Best.
AXIS Capital (NYSE: AXS) announced a net loss estimate for Q3 totaling approximately $250 million pre-tax ($219 million after-tax) due to catastrophic events. This includes $175 million for Hurricane Ida, $55 million for European floods, and $20 million for other disasters. Despite these losses, the company reported improvements in its current accident year combined ratio excluding catastrophe impacts. Actual losses may differ from estimates due to the complexity of loss assessment.
AXIS Capital has announced significant appointments within its Capital Risk Solutions (CRS) team to bolster its underwriting presence in London and Asia Pacific. Shuohan Dai has been appointed as Senior Underwriter in Singapore, focusing on overseeing underwriting activities in the APAC region. Senior Underwriters Jim Parker and Richard Jelf have relocated to London to enhance project finance and aircraft finance portfolios. These strategic moves aim to align underwriting capabilities with growing market demands while reinforcing relationships with brokers.
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AXIS Capital Holdings Limited (NYSE: AXS) will announce its third-quarter financial results for the period ending September 30, 2021, on October 27, 2021, after market close. The management team, including CEO Albert Benchimol and CFO Peter Vogt, will discuss the results during a teleconference on October 28, 2021, at 9:30 a.m. EDT. Shareholders can access the call via phone or through a live webcast on AXIS Capital's website. The company, a global provider of specialty lines insurance and treaty reinsurance, reported shareholders' equity of $5.4 billion as of June 30, 2021.