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Reinsurance News

AXIS Capital Holdings

AXIS’ increased offer for Novae accepted by shareholders

29th August 2017

The revised and increased offer made by global specialty insurance and reinsurance firm AXIS Capital Holdings Limited to acquire Lloyd’s of London focused diversified specialty re/insurer Novae Group plc has been accepted by shareholders, the company reported today. Novae Group held a General Meeting earlier today in London and approximately 99.97 ... Read the full article

AXIS increases Novae offer by 2%

25th August 2017

Global specialty insurance and reinsurance firm AXIS Capital Holdings Limited has increased its acquisition offer for the shares of Lloyd’s of London focused diversified specialty re/insurer Novae Group plc by 2%, valuing the firm at £477.6 million (US $612m at today's FX rates). The "full and final" offer of 715 pence per ... Read the full article

AXIS Capital targets insurtech in Plug and Play accelerator partnership

24th August 2017

Bermuda headquartered global insurance and reinsurance firm AXIS Capital Holdings Limited has announced a partnership with Silicon Valley start-up accelerator Plug and Play as it targets a deeper involvement in helping to develop InsurTech start-ups. By participating in Plug and Play’s InsurTech platform, AXIS will get to work alongside leading digital ... Read the full article

Neil Monahan joins AXIS Re from Swiss Re as SVP, Professional Liability, U.S.

23rd August 2017

AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has appointed Neil Monahan, formerly of Swiss Re, as Senior Vice President (SVP), Professional Liability, U.S., reporting to Jon Colello. In his new role, Monahan will be responsible for leading the reinsurer's professional liability reinsurance underwriting operations in the U.S., and will be based ... Read the full article

AXIS Capital gains approval to establish Lloyd’s Managing Agency

14th July 2017

Bermudian Insurer and reinsurer AXIS Capital Holdings Limited and its operating subsidiaries, have received all the necessary approval from Lloyd's of London, the Prudential Regulation Authority (PRA) unit of the Bank of England and the Financial Conduct Authority (FCA), to establish its own Lloyd's managing agent. Effective August 4th, 2017, AXIS Managing ... Read the full article

AXIS Capital acquiring Novae Group for $604m

5th July 2017

Global specialty insurance and reinsurance firm AXIS Capital Holdings Limited is acquiring Novae Group plc, the Lloyd's of London focused diversified specialty re/insurer in a transaction worth $604 million. AXIS said that the acquisition will add "scale and breadth" to its international specialty insurance business, creating a $2 billion  London specialty ... Read the full article

AXIS Insurance appoints Jim DeSimone to Senior Vice President of Primary Casualty

29th June 2017

AXIS Insurance - a segment of AXIS Capital Holdings Limited - has hired James (Jim) DeSimone as Senior Vice President of Primary Casualty. In his New-York based role, DeSimone will manage the underwriting team responsible for Primary Casualty in the Northeast and Midwest regions and report to Janet Jordan-Foster, Executive Vice President of ... Read the full article

AXIS appoints Nance as new U.S. excess & surplus property leader

26th June 2017

Insurance and reinsurance group AXIS Capital Holdings Limited has Marc Nance to Executive Vice President, Excess & Surplus Property, in a promotion that will see him tasked with leading an expansion of AXIS Insurance's E&S property underwriting portfolio. Nance is tasked with growing and managing AXIS Insurance’s E&S Property business across ... Read the full article

Robert Hartman promoted to COO of AXIS Insurance

21st June 2017

The insurance segment of re/insurance specialist AXIS Capital Holdings Ltd., has promoted Robert Hartman to be its new Chief Operating Officer, effective July 1st 2017. Hartman is currently a Senior Vice President, Business Development at AXIS Insurance. He will take over the COO role following the recent promotion of the ... Read the full article

AXIS appoints Meghan Anzelc to Vice President of Data & Analytics

19th June 2017

AXIS Insurance, the primary unit of global insurance and reinsurance player AXIS Capital Holdings, has appointed Meghan Anzelc, Ph.D. a trained physicist and data scientist to lead a new Data and Analytics Unit as Vice President. In her new role, Dr. Anzelc will be responsible for devising and implementing a strategy and roadmap ... Read the full article

AXIS Insurance adds two to U.S. property & casualty team

16th May 2017

AXIS Capital Holdings Limited has named both James Martin and Russ Madore as Vice President, U.S. Programs, AXIS Insurance Property and Casualty, reporting to John Tatum, Executive Vice President and Head of U.S. Programs, AXIS Insurance. The pair will be based in the firm's Alpharetta, Georgia, U.S., office, and each will ... Read the full article

Peter Vogt to replace Joseph Henry as CFO of Axis Capital

10th May 2017

Insurer and reinsurer AXIS Capital Holdings has announced that current AXIS Insurance Chief Operating Officer (COO), Peter Vogt, will replace Joseph Henry, who is to retire at the end of 2017, as Chief Financial Officer (CFO) of AXIS Capital. Vogt will assume the role of CFO of AXIS Capital Holdings from January ... Read the full article

AXIS Re and Renmin University, China partner on Actuarial Science Scholarship

25th April 2017

AXIS Capital Holdings Limited has revealed its "AXIS Re Actuarial Scholarship” in partnership with China's Renmin University to financially assist students in developing actuarial science skills, acumen, and professional training throughout the Asia-Pacific (APAC) region. At a recent Renmin University ceremony, AXIS Re's APAC Deputy Chief Underwriting Officer (CUO) Les Loh, and Vice President ... Read the full article

AXIS Capital hires Trivitt as VP, Corporate Communications

13th April 2017

Bermuda based specialty insurance and reinsurance firm AXIS Capital Holdings Limited has appointed Keith Trivitt as its Vice President for Corporate Communications. Trivitt will be tasked with guiding the development and implementation of external communications strategy and initiatives for AXIS Capital and its core business units, including reinsurer AXIS Re. Trivitt ... Read the full article

AXIS Re looks to engage, develop next generation of reinsurance professionals

7th April 2017

Bermudian reinsurance unit AXIS Re, part of the AXIS Capital Holdings Limited re/insurance company, is looking to engage and develop the next generation of insurance and reinsurance professionals, holding a student hackathon. The inaugural “Future of Insurance” student hackathon will be held in the Siebel Center for Design on the campus ... Read the full article

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