Reinsurance News
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
