Axis Cap Hldgs Ltd Stock Price, News & Analysis

AXIS Capital Holdings Limited (NYSE: AXS) is set to release its financial results for Q2 2021 on July 27, 2021, following the market close. The company will hold an investor teleconference on July 28, 2021, at 9:30 a.m. EDT to discuss the results, led by CEO Albert Benchimol and CFO Peter Vogt. Shareholders can access the call via phone or through a live webcast on the AXIS Capital website. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and holds strong ratings from Standard & Poor's and A.M. Best.

AXIS Insurance has appointed Keith Trivitt as the Head of Commercial & Strategic Partnerships in its International Division. Trivitt, based in London, will focus on enhancing commercial initiatives and developing profitable growth opportunities for AXIS and its brokers. With 15 years of experience and a strong track record in marketing and communications, he aims to strengthen relationships with key customers. The firm has a solid financial foundation, with shareholders' equity of $5.2 billion as of March 2021, and holds high ratings from Standard & Poor's and A.M. Best.

AXIS Re, the reinsurance segment of AXIS Capital (NYSE:AXS), has announced leadership changes aimed at enhancing its Property Reinsurance division and simplifying structure. Ann Haugh has been appointed President of the Global Property Division; Andy Hottinger will lead the newly formed International Division; Jonathan Gray is now President of the Specialties Division; and Jason Busti will continue to lead the North America Division. The changes take effect July 1, reflecting AXIS Re's commitment to strong client engagement and market adaptability.

AXIS Capital has declared a quarterly dividend of $0.42 per common share, payable on July 15, 2021, to shareholders of record by June 29, 2021. Additionally, a dividend of $34.375 per Series E 5.50% Preferred Share will also be paid on the same date, equivalent to $0.34375 per depositary share. As of March 31, 2021, AXIS Capital reported shareholders' equity of $5.2 billion and maintains strong ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.

AXIS Insurance has appointed Thomas Uribe as Assistant Vice President for its U.S. Excess Casualty business. Based in Alpharetta, Georgia, he will enhance relationships with distribution partners and support new business initiatives. Uribe brings extensive experience from AXA XL, Berkshire Hathaway, and Swiss Re, which positions him as a valuable asset for meeting complex client needs. This strategic hiring aims to strengthen AXIS's underwriting strategy and response to the evolving Excess Casualty marketplace.

AXIS Capital Holdings Limited (AXS) reported its first-quarter 2021 results, showing a net income of $116 million, or $1.36 per diluted share, following a net loss of $(185) million in Q1 2020. The combined ratio improved to 98.9%, down from 119.8% year-over-year. Gross premiums written increased by 4% to $2.5 billion, with insurance segment premiums up 17%. Catastrophe-related losses significantly decreased from 2020, totaling $110 million compared to $300 million. The company highlighted progress in re-underwriting efforts and strong market conditions, positioning AXIS for continued improvement.

AXIS Re, a segment of AXIS Capital (NYSE: AXS), has appointed Lisa Hiscock as Senior Underwriter for Lloyd’s Casualty, effective immediately. She brings over 10 years of industry experience, having worked at Hiscox and AXA XL. In her role, Ms. Hiscock will underwrite Lloyd’s Casualty treaty business, enhance existing partnerships, and identify growth opportunities. Her experience across various classes and regions is expected to aid AXIS Re in achieving its business objectives. She will initially be based in Australia before relocating to the UK later in 2021.

AXIS Capital Holdings Limited (NYSE: AXS) has announced a preliminary net loss estimate of $105 million to $115 million for the first quarter, primarily due to weather-related events like Winter Storms Uri and Viola, with losses in Texas estimated at $80 million to $90 million. The company confirmed no changes to its COVID-19 pandemic loss estimates from 2020. Additionally, AXIS reported improvements in accident year loss ratios, excluding catastrophe losses. A conference call discussing these results is set for April 29, 2021, at 9:30 AM (EDT).

AXIS Capital Holdings Limited (NYSE: AXS) is set to release its financial results for Q1 2021 on April 28, 2021, post-market. CEO Albert Benchimol and CFO Peter Vogt will discuss the results in an investor teleconference on April 29, 2021, at 9:30 a.m. EDT. The teleconference can be accessed via phone or through a live webcast on the company's website. AXIS Capital has reported shareholders' equity of $5.3 billion as of December 31, 2020, with strong ratings from Standard & Poor's and A.M. Best.