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 has declared a quarterly dividend of $0.42 per common share, reflecting a 2.4% increase. This dividend is payable on January 15, 2021, to shareholders on record as of December 31, 2020. This marks the 17th consecutive year of dividend increases for AXIS Capital since its IPO in 2003. Additionally, a dividend of $34.375 per Series E Preferred Share will also be distributed on the same date to the same group of shareholders.
AXIS Re has appointed Emilie Hungenberg as a Senior Underwriter for Property in the EMEA and Latin America regions. Ms. Hungenberg will oversee a Property treaty portfolio for France, Benelux, Iberia, and Africa, collaborating with the underwriting team to implement AXIS Re’s strategy. Gino Smith, Head of Property, expressed confidence in her extensive underwriting experience and commercial networks. Hungenberg previously worked with Schroders and has held senior roles at RMS, MS Amlin, Sompo, and Odyssey Re. She will be based in Zurich.
AXIS Re has appointed David Bangs as the new Head of Japan, aiming to enhance its reinsurance services in the evolving Japanese market. Previously, Bangs held significant roles in Willis Re as Executive Director and Japan Representative. His experience is expected to strengthen AXIS Re's presence and expertise in the region. This strategic hiring aligns with AXIS Capital's commitment to provide exceptional service to clients across its global operations.
AXIS Insurance, part of AXIS Capital (NYSE:AXS), has appointed three lead underwriters in its U.S. Cyber and Technology team to enhance strategic growth. Ashley Sales, Jonah Papesh, and Eric Allen bring extensive experience from AIG, AXA XL, and Chubb, respectively. Their roles focus on underwriting profitability and managing client needs in a complex cyber landscape. AXIS also added three Senior Underwriters based in Chicago and Los Angeles, reinforcing its commitment to delivering exceptional service and understanding client requirements.
AXIS Insurance, a division of AXIS Capital (NYSE:AXS), has strengthened its U.S. Renewable Energy team by hiring three new underwriters: Kristopher Williams, Melissa Marsh, and Kevin Motta. Effective immediately, they will focus on underwriting renewable energy risks across wind, solar, and battery storage projects. The team is led by Sam Walsh, who emphasizes the significant growth in the U.S. renewable energy market. The new hires will enhance the company's expertise and service to brokers in this expanding sector.
AXIS Capital Holdings Limited (NYSE: AXS) reported a net loss of $73 million in Q3 2020, a significant drop from a net income of $28 million in Q3 2019. The company experienced a decrease in gross premiums written by 5% to $1.3 billion, primarily due to a 23% decrease in the reinsurance segment. However, the insurance segment saw a 5% increase. Despite challenges from natural disasters, the company reported a 16% rate increase in its Insurance segment and improved underlying performance, demonstrated by a 5.2 point reduction in the current accident year combined ratio, excluding catastrophe losses.
AXIS Re, part of AXIS Capital, has announced the addition of Lydia LaSalata and Matthew Trinkle to its North American Casualty team. LaSalata joins as a Senior Underwriter for Professional Liability, bringing extensive experience from Safety National Re, while Trinkle, formerly with Transatlantic Re, takes on the role of Underwriter for Casualty & Alternative Risk. This strategic hiring aims to enhance AXIS Re's adaptability in the evolving casualty market and strengthen relationships with partners, according to Dan Osterrieder, Head of Casualty North America.
AXIS Capital Holdings Limited (AXS) estimates a preliminary net loss of $225 million to $255 million for Q3 due to major catastrophes including Hurricanes Laura and Sally, the Midwest derecho, and wildfires. The company reaffirmed its earlier COVID-19 related loss estimates. Despite this, AXIS reported improvements in pricing and loss ratios in its insurance and reinsurance segments. The results will be discussed in a conference call on October 29, 2020.
AXIS Capital Holdings Limited (NYSE: AXS) announced that it will release its financial results for Q2 ending September 30, 2020, on October 28, 2020, after market close. The company's leadership will hold a teleconference on October 29, 2020, at 9:30 a.m. EDT, to discuss the results, which will include a Q&A session. Shareholders can access the teleconference by phone or via a live webcast. As of June 30, 2020, AXIS Capital reported shareholders' equity of $5.3 billion and holds strong ratings from Standard & Poor's and A.M. Best.