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 Limited (NYSE:AXS) announced a quarterly dividend of $0.42 per common share, payable on October 15, 2021 to shareholders of record on October 4, 2021. Additionally, a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share) has also been declared, with the same payment date and record date. The company reported shareholders' equity of $5.4 billion as of June 30, 2021.
AXIS Insurance, part of AXIS Capital Holdings Limited (NYSE:AXS), announced three key appointments within its US Renewables team to enhance relationships with brokers and develop new business opportunities. Becky Nace-Grover was appointed as Senior Underwriter, Kamran Hameed as Cross-Class Underwriter, and German Torres as Underwriter. These roles are critical due to the growing demand in the renewable energy sector, particularly wind, solar, and battery storage projects in the US. These strategic hires aim to strengthen the company’s service delivery in this expanding market.
AXIS Capital has appointed Abiy Dadi as Vice President of the U.S. Excess Casualty team, effective immediately. Dadi will focus on enhancing relationships with wholesale distribution partners and executing underwriting strategy. He brings extensive experience from CRC Group, where he was an Associate Broker, managing casualty production and training operations since 2012. This leadership change aims to bolster business opportunities and strengthen AXIS's market position.
AXIS Insurance, the specialty insurance segment of AXIS Capital Holdings, has announced the promotion of Usman Malik to Chief Pricing Actuary. In his new role, Malik will lead pricing strategy globally, focusing on consistent portfolio construction and underwriting alignment. He succeeds Brian Kemp, who has moved to a new role as global Chief Data Officer. Malik has over nine years of experience at AXIS, previously serving as Deputy Chief Pricing Actuary and Head of Property Pricing. This promotion underscores the company's commitment to talent development.
AXIS Re, a segment of AXIS Capital (NYSE: AXS), has appointed Alexander Riveros as Senior Underwriter for Credit & Surety, starting August 23. Riveros will focus on the Latin American market, aiming to enhance the business’ portfolio goals in credit and surety while building strong client relationships. He brings over 25 years of industry experience, previously serving as a Senior Surety Underwriter at Markel International. AXIS Capital reported shareholders' equity of $5.4 billion as of June 30, 2021, with strong ratings from Standard & Poor's and A.M. Best.
AXIS Insurance has appointed three new leaders within its U.S. Excess and Surplus Property team, effective immediately. Michael Worman and David Malcom join as Senior Vice Presidents, while Lisa Finch comes in as Vice President. Their roles will focus on developing new business opportunities and enhancing relationships with distribution partners. Each has substantial experience, with Worman bringing 12 years, Malcom 18 years, and Finch over 40 years in the industry. AXIS Capital, parent company of AXIS Insurance, has a strong financial standing with $5.4 billion in shareholders' equity.
AXIS Capital Holdings Limited (NYSE: AXS) reported strong second-quarter results for 2021, with net income of $228 million ($2.67 per diluted share), significantly up from $112 million ($1.33 per diluted share) in Q2 2020. The company saw a 22% growth in gross premiums written, totaling $1.9 billion, driven by robust underwriting and investment performance. The current year ex-cat combined ratio improved to 88.7%. Management anticipates continued favorable pricing dynamics through 2022, providing a potential boost to underwriting profitability.
AXIS Re, part of AXIS Capital (NYSE:AXS), announced three internal promotions to bolster its reinsurance capabilities. Simon Stirnemann has been elevated to Head of EMEA LatAm Casualty, bringing over 15 years of experience. In addition, Allison Janisch is now Global Head of Casualty, while Rich Phillips is appointed Global A&H Product Lead. These roles aim to enhance coordination and leadership in the reinsurance segment, with appointments effective July 1. AXIS Capital maintains a strong financial foundation, evidenced by a $5.2 billion shareholder equity as of March 31, 2021.
AXIS Capital Holdings Limited (NYSE: AXS) has released its 2020 Loss Development Triangles, which detail paid, incurred, and ultimate losses on both net and gross bases as of December 31, 2020. The document includes data for 11 reserving classes across the Insurance and Reinsurance segments, aiding in a direct reconciliation with the Company’s financial reports. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and holds strong ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.
AXIS Capital has appointed Chris Caponigro as the new Global Head of AXIS ILS, effective July 22. The company has also rebranded its third-party capital unit to AXIS ILS. Caponigro brings extensive experience from his previous roles in the reinsurance sector, which includes leading business development at Mt. Logan Re. His expertise in investor relations and underwriting is expected to enhance AXIS ILS's market position. AXIS Capital reported shareholders' equity of $5.2 billion as of March 31, 2021, highlighting its strong financial foundation.