Reinsurance News
29th July 2020
Bermuda-based insurer and reinsurer AXIS Capital has posted a second quarter net income of $112 million, down from $166 million in the prior year quarter. Operating income for the quarter was $72 million, down significantly from $137 million in the prior year quarter. The company has also confirmed there is no change ... Read the full article
2nd July 2020
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has added Anna Woolley as a Senior Underwriter to its International Construction team. Effective immediately, Woolley will focus on writing new business and portfolio management on Erection All Risk (EAR), including industrial construction and petrochemical buildings. She is based in London and ... Read the full article
15th June 2020
AXIS Insurance, the specialty insurance arm of Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited, has appointed Eric Seyfried as Head of Cyber U.S. Open Market, effective immediately. In his new role, Seyfried will be tasked with assisting in the design and implementation of the U.S. strategy and direction for the ... Read the full article
5th June 2020
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, has named Bobby Kwan as Senior Underwriter for Property Lines, effective August 17th, 2020. In his new role, Kwan will work alongside the Asia Pacific Property Team to manage the reinsurer's Property book of business across the region. He will ... Read the full article
3rd June 2020
Bermuda based reinsurer AXIS Capital Holdings has announced the addition of W. Marston Becker to its Board of Directors. Becker, who will serve as a member of the Executive, Finance and Risk Committees, boasts a 35-year career in the re/insurance industry, with numerous senior leadership roles at brokers across Bermuda, the ... Read the full article
12th May 2020
S&P Global Ratings has revised its outlook from stable to negative for AXIS Capital Holdings Ltd. and its core operating subsidiaries following the company’s underperformance in the first quarter of 2020. AXIS reported a net loss of $185 million and a combined ratio of 119.8% in Q1 2020, as pre-tax ... Read the full article
6th May 2020
Global financial services ratings agencies have taken actions against AXIS Capital and its subsidiaries, citing the economic impact of the coronavirus (COVID-19) pandemic and a deteriorating operating performance. Specifically, Fitch Ratings has revised its outlook for AXIS from stable to negative, citing the economic impact of the pandemic. At the same time, ... Read the full article
5th May 2020
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has reported a net loss of $185 million and a combined ratio of 119.8% in Q1 2020, as pre-tax catastrophe and weather-related losses reached $300 million, the majority of which are related to the COVID-19 pandemic. The re/insurer's $185 million Q1 net loss ... Read the full article
27th April 2020
AXIS Capital Holdings Limited has estimated that its Q1 results will include $235 million of claims related to the coronavirus (COVID-19) pandemic. In total, AXIS Capital announced a net claims provision of $300 million, pre-tax, with weather related events making up the other $65 million. The company said its claims provision for ... Read the full article
24th April 2020
AXIS Insurance, a division of Bermuda-based AXIS Capital Holdings Limited, has hired former Lockton Senior Vice President (SVP), Max Perkins, as Head of Strategy and Innovation for the firm's Global Cyber and Technology unit, effective immediately. In this newly created role, Perkins will be based in the U.S. and reports to ... Read the full article
17th April 2020
Bermudian re/insurer AXIS Capital has appointed Mark McCormick as Chief Executive Officer of AXIS Re SE (ARe). ARe is AXIS Capital’s reinsurance legal entity domiciled in Ireland and regulated by the Central Bank of Ireland, with a Zurich branch. McCormick will be responsible for ARe and the legal entity aspects of its ... Read the full article
16th April 2020
AXIS Insurance, the insurance arm of Bermuda-based AXIS Capital Holdings Limited, has announced the hiring of Daniel Stevens to the newly created role of Risk Engineer within its Renewable Energy team. In his new role, Stevens will work closely with the firm's Renewable Energy underwriters and also external parties involved in ... Read the full article
16th April 2020
Bermudian re/insurer AXIS Capital has announced a $1 million donation to support COVID-19 relief and community support efforts. The company will partner with non-profit organizations providing pandemic relief globally, as well as in communities in which AXIS operates. The donations are an extension of the AXIS Corporate Citizenship strategy, which focuses on ... Read the full article
7th April 2020
AXIS Insurance, a division of Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited, has appointed Michael Carr as Head of U.S. Excess & Surplus (E&S) Property, based in the firm's Alpharetta, Georgia, office. In his new role, Carr takes responsibility for the development and execution of the company's E&S Property underwriting ... Read the full article
7th April 2020
AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has announced that Mark Julian has joined from Tokio Millennium Re to serve in the newly created position of Chief Pricing Actuary, effective April 20th, 2020. In his new role, Julian will be responsible for the oversight of the reinsurer's new ... Read the full article
