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 reports recurring developments tied to its global specialty insurance and reinsurance business. Through operating subsidiaries, the company underwrites specialty risk across markets that include Bermuda, the United States, Europe, Singapore and Canada, with financial updates organized around its Insurance segment and AXIS Re reinsurance operations.
Company news commonly covers quarterly and annual results, gross and net premiums written, combined ratios, underwriting income, operating return on equity and book value per share. Updates also include common-share and Series E preferred-share dividends, share repurchase authorizations, investor presentations, governance matters and commentary on specialty underwriting strategy, product portfolio expansion and distribution capabilities.
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.
AXIS Re has appointed Matt LoPiccolo as Strategic Account Executive, Global Brokers, effective July 6. He will enhance relationships with AXIS Re’s Global Brokers and develop new business opportunities. LoPiccolo has over 24 years of experience in broking and insurance, joining AXIS in 2016 from AIG. His role aligns with AXIS Capital's One AXIS philosophy, emphasizing career growth and mobility.
The AXIS Re Strategic Partners initiative, created in 2018, focuses on serving selected clients and brokers, underlining the company’s commitment to client engagement.
AXIS Re, part of AXIS Capital (NYSE: AXS), has appointed Nicole Hanhart as Property Underwriter for EMEA & Latin America, effective July 1. With over 20 years of experience, Hanhart will manage a Property treaty portfolio in Latin America, collaborating closely with the regional underwriting team. Gino Smith, Head of Property for EMEA & Latin America, expressed confidence that her extensive client and broker network and technical skills will enhance AXIS Re's underwriting strategy. AXIS Capital, boasting $5.2 billion in shareholder equity, is well-rated for its specialty lines insurance and treaty reinsurance services.
AXIS Insurance, the specialty insurance segment of AXIS Capital (NYSE: AXS), has announced a year-long sponsorship of The Cyber Helpline, aimed at supporting victims of cyber crimes. This initiative is in response to a 362% rise in cases over the past year. The partnership will leverage AXIS's expertise in cyber risk management to provide resources and funding for victims. The Cyber Helpline offers anonymous 24/7 advice through a chatbot and connects users to expert volunteers to help them recover from cyber attacks.