Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A. Butt, the company’s former chairman and industry leader, who died on Feb. 8. Benchimol describes Butt as a “towering figure” …
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines. New insurance ventures sprang …
AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a recognized industry …
AXIS Capital Holdings Ltd. announced that the International Insurance Society (IIS) has inducted Michael Butt, chairman of AXIS Capital, into the Insurance Hall of Fame and named Butt the 2019 Insurance Hall of Fame Laureate. Butt will be honored at …
EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which …
Sixty-six chief executives of the world’s largest re/insurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement―a set of guiding principles on the substantial role insurance can play in global efforts to tackle climate-related risks. The association’s announcement …
