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) has appointed Megan Watt as Chief Claims Officer, effective April 17, 2023. She will be located in New York and report to Vince Tizzio, CEO of Specialty Insurance and Reinsurance, and future Group CEO from May 4, 2023. Ms. Watt will oversee the claims department globally and will implement policies to enhance operational effectiveness. With extensive experience in leading claims organizations from her previous roles at Chubb, Everest, and AIG, her addition is expected to strengthen AXIS's claims handling capabilities.
AXIS Capital Holdings Limited (NYSE: AXS) is set to release its first quarter financial results for the period ending March 31, 2023, on April 26, 2023. Key executives, including President Albert Benchimol and CFO Peter Vogt, will conduct an investor teleconference at 9:30 a.m. ET on April 27, 2023, to discuss the results. The event will also be accessible via webcast on the company’s investor relations website. As of December 31, 2022, AXIS Capital reported shareholders' equity of $4.6 billion and has a strong financial standing with ratings of A+ by Standard & Poor's and A by A.M. Best.
AXIS Capital Holdings Limited (NYSE: AXS) has declared a quarterly dividend of $0.44 per common share, payable on April 18, 2023, to shareholders of record as of March 31, 2023. Additionally, a dividend of $34.375 per Series E 5.50% preferred share will be paid, also on April 18, 2023, with the same record date. The company reported shareholders' equity of $4.6 billion as of December 31, 2022. AXIS Capital operates globally, providing specialty insurance and reinsurance solutions and holds strong financial ratings from Standard & Poor's and A.M. Best.
AXIS Capital Holdings Limited (NYSE: AXS) has appointed Gabriel Galanski as the new Head of North America Property & Casualty Programs. In this role, Mr. Galanski will oversee the management, development, and administration of the Company's North American Programs business. His responsibilities will include enhancing the Company's position in the delegated authority market, aligning with its distribution strategy, and leveraging partner relationships. Mr. Galanski has a strong background, previously serving as Vice President at Macquarie Insurance Facility, and holds a bachelor's degree from Villanova University. His leadership is expected to strengthen AXIS's market presence.
AXIS Capital Holdings Limited (NYSE: AXS) announced its commitment to a 50% reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, aligning with the Paris Agreement goals. This objective, based on a 2019 baseline, supports AXIS's transition towards a low-carbon economy. President and CEO Albert Benchimol highlighted recent investments in renewable energy and the aim to phase out thermal coal and oil sands by 2040. The company will implement measures such as optimizing its real estate portfolio to achieve these targets. AXIS's broader climate strategy includes various sustainability initiatives.
AXIS Capital Holdings Limited (NYSE: AXS) announced that CEO Albert Benchimol and Vincent Tizzio, CEO of Specialty Insurance and Reinsurance, will present at the Bank of America Financial Services Conference 2023. The event is scheduled for February 15, 2023, at 2:30 p.m. EST in New York. A live webcast will be available, with an archived replay for 90 days. As of December 31, 2022, AXIS Capital reported shareholders’ equity of $4.6 billion and has a robust presence in Bermuda, the U.S., Europe, Singapore, and Canada. The company's subsidiaries have received strong ratings from Standard & Poor’s and A.M. Best.
AXIS Capital Holdings announced its fourth quarter and full-year 2022 financial results, highlighting a net income of $193 million or $2.25 per diluted share. The annualized return on average common equity (ROACE) was 4.2% with an operating ROACE of 16.9%. Total gross premiums written rose by $529 million or 7% year-over-year to $8.2 billion. The combined ratio improved by 1.7 points to 95.8%, while pre-tax catastrophe losses decreased to $403 million. Book value per diluted share increased to $46.95, up 7.9% from the previous quarter, despite a 12.7% annual decline.
AXIS Capital announced that President and CEO Albert A. Benchimol will step down on May 4, 2023, after over a decade of leadership. He will be succeeded by Vincent C. Tizzio, who has served as CEO of Specialty Insurance and Reinsurance since June 2022. Benchimol will remain as a strategic advisor through the end of 2023. Under Benchimol, AXIS underwent a transformation, becoming recognized for its specialty underwriting and strong workplace culture. Both leaders expressed confidence in the company's future growth.
AXIS Capital Holdings Limited (NYSE: AXS) will release its fourth-quarter financial results for the period ending December 31, 2022, on January 25, 2023. An investor teleconference hosted by CEO Albert Benchimol and CFO Peter Vogt is scheduled for January 26, 2023, at 9:30 a.m. EST. It will cover the results and allow for a Q&A session. Shareholders should note that the company reported shareholders' equity of $4.3 billion as of September 30, 2022. The teleconference can be accessed via phone or webcast.
AXIS Capital Holdings Limited (NYSE: AXS) has appointed Andy Maher as the new Head of Cyber and Technology, based in London. Previously serving as Deputy Chief Underwriting Officer for Cyber and Technology, Maher joined AXIS in 2018. His focus will be on enhancing the team and expanding product offerings globally to better serve distribution partners and customers. With shareholders' equity reported at $4.3 billion as of September 30, 2022, AXIS is positioned to strengthen its leadership in the cyber insurance market.