Latest AXIS Capital Headlines
All the headlines from our AXIS Capital Topic Page, ordered by recency.
AXIS Capital Estimates 4Q Losses from Hurricane Michael
Nov 9 2018 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million, which will affect its fourth quarter financial results. The loss estimate figure...
AXIS Capital Names O’Sullivan as CEO of AXIS Specialty Europe and AXIS Re
Sep 20 2018 // AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their...
Acquisition of Novae Boosts Q1 Results for AXIS Capital
May 1 2018 // AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. The Bermuda-based...
AXIS Capital Restructures to Focus More on Tech & Innovation
Jan 24 2018 // AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second...
AXIS Capital Aligns Lloyd’s Agency Platforms After Its Acquisition of Novae
Jan 9 2018 // AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management and oversight of Novae Syndicate 2007 and SPS 6129 after its acquisition of...
AXIS Capital Completes Purchase of Novae; Executive Team Announced
Oct 18 2017 // AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6...
AXIS Capital to Complete Acquisition of Novae Group in October
Sep 26 2017 // AXIS Capital Holdings Ltd. said it will complete its acquisition of London-based Novae Group plc in two phases, beginning with the acquisition of Novae shares, which is expected on Oct. 2, 2017. This will be followed by...
AXIS Capital’s $611.5M Acquisition of Novae Approved in Shareholder Vote
Aug 29 2017 // AXIS Capital Holdings Ltd. announced that shareholders of Novae Group have approved the company’s acquisition by AXIS. Approximately 99.97 percent of shareholder votes were cast in favor of the deal. AXIS announced...
AXIS Capital to Launch Lloyd’s Managing Agency
Jul 14 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd’s managing agent after receiving authorization from Lloyd’s, the UK Prudential Regulation Authority (PRA) and the Financial Conduct...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London. “The US$604 million transaction adds scale and breadth to the international...
AXIS Capital CFO Henry to Retire; Vogt Named as Successor
May 10 2017 // AXIS Capital Holdings Ltd. announced that Chief Financial Officer Joseph Henry will retire at the end of 2017 after five years as CFO at AXIS, said the company in a statement. The current AXIS Insurance Chief Operating...
AXIS Capital Opens Miami Office; Expands Presence in Latin America
Jan 30 2017 // AXIS Capital Holdings Limited has formed of AXIS Specialty Underwriters Inc., based in Miami (AXIS Miami), to operate as the company’s Latin American and Caribbean (LAC) regional coverholder for AXIS Syndicate...
AXIS Capital’s London Office to Move to ‘The Scalpel,’ New Tower Near Lloyd’s
Dec 19 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of...
AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
Nov 29 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the...
Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital
Aug 5 2016 // Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good business,” according to Michael Steel, former CRO at AXIS Capital. The role of...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M
Jul 6 2016 // Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its sponsor. Blackstone Group will...
AXIS Capital Reports Q4 Operating Income of $120M, Level with Q4 2014
Feb 3 2016 // AXIS Capital Holdings Ltd. reported net income available to common shareholders for the fourth quarter of 2015 of $135 million, or $1.39 per diluted common share, compared with net income of $164 million, or $1.60 per...
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform
Dec 2 2015 // Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China)...
AXIS Q3, 9 Month Earnings Hit by Investments, Loss Events
Oct 28 2015 // AXIS Capital Holdings Limited has reported net income available to common shareholders for the third quarter of 2015 of $248 million, or $2.50 per diluted common share, compared with $279 million, or $2.68 per diluted...
AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee
Aug 3 2015 // AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd....
