Menu

Reinsurance News

AXIS Capital Holdings

Re/insurers shift focus as renewal activity stalls, say analysts

24th November 2021

As insurers and reinsurers shift focus ahead of the key January 1st, 2022 renewals, there's uncertainties around the property catastrophe space while activity for 1/1 is reportedly behind schedule, according to Morgan Stanley. Analysts at Morgan Stanley recently hosted the firm's insurance corporate access day, which featured nine property and casualty ... Read the full article

AXIS adds Patrick Witteveen and Kyle Freeman to ILS operation

12th November 2021

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has bolstered its insurance-linked securities (ILS) team with the additions of Patrick Witteveen and Kyle Freeman as Head of ILS Business Development and Head of ILS Structuring, Property, respectively. AXIS Capital rebranded its ILS and third-party reinsurance capital arm to AXIS ILS ... Read the full article

AXIS returns to profit in Q3 despite reinsurance underwriting loss

28th October 2021

Bermuda-based AXIS Capital Holdings Limited has reported net income of $47 million for the third quarter of 2021, despite its re/insurance operations falling to an underwriting loss in the period. AXIS has returned to profit in both the third quarter and first nine months of 2021, when compared with a net ... Read the full article

AXIS updates fossil fuel underwriting & investment policy

20th October 2021

AXIS Capital Holdings Limited, the Bermuda headquartered global specialty insurance and treaty reinsurance writer, has announced several new updates to its fossil fuel underwriting and investment policy. In particular, the company has bolstered its existing policy by committing to phasing out thermal coal business from its insurance, facultative reinsurance, and investment ... Read the full article

AXIS Insurance adds Senior Underwriters to Financial Institutions team in London

19th October 2021

AXIS Insurance, a division of Bermuda-based AXIS Capital Holdings Limited, has added Beth Convey, Julieta Moya, and Mark Sutton to its Financial Institutions team in London, effective immediately. The trio join the insurer as Senior Underwriters, reporting to Callum McPherson, Head of Financial Institutions in London. In their new roles, they will ... Read the full article

AXIS Capital estimates Q3 catastrophe losses of $250m

15th October 2021

AXIS Capital Holdings Limited, the Bermuda headquartered global specialty insurance and treaty reinsurance writer, has estimated that catastrophe losses from the third-quarter of 2021 will cost the company around $250 million, before tax ($219 million, after-tax). The main contributor to AXIS Capital's Q3 2021 catastrophe loss burden is, of course, hurricane ... Read the full article

AXIS Insurance reshuffles Capital Risk Solutions team

7th October 2021

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has made three appointments within its Capital Risk Solutions (CRS) team. Jim Parker and Richard Jelf, both Senior Underwriters, will focus on growing the project finance and aircraft finance portfolio as well as strengthening existing relationships and driving business growth. Both ... Read the full article

Beazley names AXIS Capital’s Bob Quane CUO

24th September 2021

Specialist insurer Beazley has appointed Bob Quane to serve as its Chief Underwriting Officer (CUO), a role he brings 30 years' industry experience to. Quane joins from AXIS Capital, having served as CUO within its insurance segment. Based in New York, he starts October 11 and is also set to join Beazley’s Executive ... Read the full article

Positive conditions to persist, but industry behind curve on loss costs: AXIS CEO

29th July 2021

Albert Benchimol, President and Chief Executive Officer (CEO) of Bermuda-based AXIS Capital Holdings, expects positive re/insurance market conditions to persist well into 2022, but warns that the industry is yet to get to grips with its loss cost trends. AXIS' recently published Q2 results show that the firm continues to ... Read the full article

AXIS reports improved underwriting performance as CR strengthens

28th July 2021

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has announced a rise in net income for the second-quarter and first-half of 2021, to $228 million and $344 million, respectively. Supporting this growth in net income, the carrier has reported an improved underwriting performance across both its insurance and reinsurance operations for ... Read the full article

AXIS adds Everest Re’s Caponigro to lead overhauled ILS unit

13th July 2021

AXIS Capital has appointed Chris Caponigro to lead its newly-rebranded Insurance Linked Securities (ILS) unit as Global Head. Caponigro will oversee the company’s third party capital related activities currently under management across its reinsurance and Insurance segments. He will report to AXIS Re Chief Executive Steve Arora and will be based out ... Read the full article

AXIS Capital Holdings rebrands all aviation units

24th June 2021

AXIS Capital Holdings has announced that all of its aviation units have been rebranded to reflect the AXIS brand and logo. This is the last phase of the 2016 acquisition by AXIS of European specialty aviation insurer and reinsurer Aviabel and its Dutch brand NLP (Nederlandse Luchtvaartpool). The retirement of the Aviabel ... Read the full article

AXIS Re names Haugh as President of new Global Property division

10th May 2021

AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, has announced a simplified overall structure, which includes the establishment of a new Property Reinsurance division, led by Ann Haugh. Previously AXIS Re's President of Global Markets, Haugh has been appointed President of the reinsurer's new Global Property unit. In her ... Read the full article

Robust Q1 performance sees AXIS secure $116mn net income

29th April 2021

Bermuda-based re/insurer AXIS Capital has announced a first quarter net income of $116 million, compared to a $185 million loss in the prior year quarter. At $83 million, operating income also improved considerably from the $164 million figure announced in Q120. Gross premiums written increased by $104 million to $2.5 billion as ... Read the full article

AXIS pegs Q1 catastrophe and weather losses at up to $115mn

15th April 2021

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, estimates net losses from catastrophes and other weather-related events in the range of $105 million to $115 million, pre-tax, for the first-quarter of 2021. Between $80 million and $90 million of the pre-tax net loss estimate relates to Winter Storms Uri and Viola, ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.