Vanguard Capital Management reports beneficial ownership of 3,906,257 shares of Axis Capital Holdings Ltd common stock, representing 5.28% of the class. The filing shows sole dispositive power over 3,906,257 shares and sole voting power over 585,778 shares. The Schedule 13G is signed on 04/28/2026 and cites holdings reported with an underlying date of 03/31/2026.
AXIS Capital Holdings is asking shareholders to vote at its 2026 Annual General Meeting on May 14, 2026 on three items: electing three Class II directors through 2029, an advisory Say on Pay vote on executive compensation, and appointing Deloitte as auditor for 2026.
The proxy highlights a strong 2025, with book value per diluted common share up 18.3% to $77.20, return on average common equity of 17.3%, operating ROACE of 18.1%, and record gross premiums written of $9.6 billion with a consolidated combined ratio of 89.8%. Operating income reached $1.0 billion, supported by $725 million of underwriting income and $767 million of net investment income, while total shareholder return was 22.9%.
Executive pay is positioned as closely tied to these results. CEO and named executive officer annual incentives paid between 129.2% and 159.5% of target, and 2023 PSU awards vested at 200% based on top‑quartile relative total shareholder return. The CEO also received a $3.5 million special equity grant, mostly performance‑based. The Board emphasizes majority‑independent directors, committee oversight of risk, sustainability and human capital, and ongoing board refreshment.
AXIS Capital Holdings Ltd executive Matthew Kirk, the company’s CFO, reported his initial beneficial ownership on a Form 3. He directly holds 14,292 Common Shares of AXIS Capital following this filing. The form records holdings only and does not show any recent share purchases or sales.
Axis Capital Holdings Ltd: The Vanguard Group filed Amendment No. 12 to a Schedule 13G/A reporting beneficial ownership of 0 shares of Common Stock and 0% of the class. The filing notes an internal realignment effective 01/12/2026 and is signed on 03/26/2026.
AXIS Capital Holdings Limited is updating its leadership transition plans. Matthew Kirk will become Chief Financial Officer on March 31, 2026, as previously disclosed. Following the successful handover, former CFO Peter Vogt will now leave the company on April 1, 2026, instead of remaining through year-end as a strategic advisor.
Vogt will receive the payments and benefits specified for a termination without cause under Section 4(d) of his employment agreement, contingent on a general release of claims and compliance with restrictive covenants. The company also announced that Chief Administrative and Legal Officer Conrad Brooks will depart effective December 31, 2026, with similar without-cause termination payments and conditions under his employment agreement.
AXIS Capital Holdings Limited disclosed that several of its insurance and reinsurance subsidiaries amended an existing secured letter of credit facility with Citibank Europe plc. The aggregate secured capacity was reduced from $300 million to $250 million, but the expiry of issuable letters of credit was extended to March 31, 2028.
The subsidiaries – including AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company, and AXIS Reinsurance Company – remain party to a separate uncommitted secured letter of credit facility with Citibank Europe plc, whose terms were not changed by this amendment.
AXIS Capital Holdings Chief Admin and Legal Officer Conrad D. Brooks reported two tax-related share dispositions. He delivered 3,983 and 3,303 common shares, each at $105.72 per share, to satisfy tax withholding obligations. After these Form 4 transactions, he directly held 70,375 common shares.
AXIS CAPITAL HOLDINGS LTD CFO Peter Vogt reported two tax-related share dispositions under a Form 4. On March 1, 2026, he transferred 8,768 and 4,378 common shares, respectively, at a reference price of $105.72 per share to cover tax obligations by delivering shares rather than using cash.
Daniel J Draper, Group Chief Underwriting Officer of AXIS Capital Holdings Ltd, reported two tax-withholding dispositions of common shares on March 1, 2026, totaling 5,527 shares at $105.72 per share to satisfy tax obligations. After these transactions he directly holds 22,682 common shares.