Advertise with Reinsurance News

Menu

Reinsurance News

AXIS Capital Holdings

Many lines still lack price adequacy, but increases will persist: AXIS CEO

6th February 2020

Reinsurance price momentum continued at the January 1st, 2020 renewals but even with the strong rate response in certain classes, many lines are still not at attractive levels, according to Albert Benchimol, the President and Chief Executive Officer (CEO) of Bermuda-based re/insurer, AXIS Capital Holdings Limited. After consecutive heavy catastrophe loss ... Read the full article

Climate response requires new products & modelling techniques: Cavaciuti-Wishart, AXIS Capital

4th February 2020

A comprehensive response to the complex challenges posed by climate risk will require reinsurers to adapt business models, develop new products, and improve modelling techniques, according to Ellissa Cavaciuti-Wishart, Head of Cat Modelling – International at AXIS Capital. Faced with the unpredictability of climate-related impacts, reinsurers must develop ever more sophisticated, ... Read the full article

AXIS posts Q4 net loss, reinsurance segment falls to underwriting loss

30th January 2020

Bermudian re/insurer AXIS Capital Holdings Limited has reported a net loss of $10 million for the fourth-quarter of 2019 and a combined ratio of 107.3%, with the firm's reinsurance segment falling to an underwriting loss in both periods. The Q4 net loss compares with a net loss of $198 million in ... Read the full article

AXIS to report modest Q4 income amid catastrophes and Irma creep

21st January 2020

Bermuda domiciled insurer and reinsurer, AXIS Capital Holdings Limited, expects to report modest operating income for the fourth-quarter of 2019, driven in part by pre-tax catastrophe losses of $140 million. The firm's Q4 2019 results were impacted by a pre-tax loss for catastrophes and other weather-related events of $140 million, net ... Read the full article

AXIS Insurance adds two renewable energy underwriters

9th January 2020

The insurance business arm of Bermudian re/insurer AXIS Capital Holdings Limited, AXIS Insurance, has expanded its renewable energy underwriting expertise with two new hires. Specifically, Sam Walsh has joined the insurer as senior underwriter and Mat Pifer as an underwriter in AXIS Insurance's renewables division. In their new roles, both Walsh and ... Read the full article

AXIS Capital adds Anne Melissa Dowling to Board of Directors

10th December 2019

Bermudian insurer and reinsurer, AXIS Capital Holdings Limited, has announced that Anne Melissa Dowling has been appointed to its Board of Directors, effective January 1st, 2020. The re/insurer explains that Dowling will serve as a member of the Company's Audit, Corporate Governance and Nominating, and Finance Committees. She most recently served as ... Read the full article

AXIS announces Typhoon Hagibis loss of up to $110mn

26th November 2019

Bermudian insurer and reinsurer AXIS Capital Holdings Limited has announced a pre-tax loss estimate for Typhoon Hagibis of between $90 million and $110 million, net of recoveries from reinsurance and retrocession, and including the impact of reinstatement premiums. AXIS Capital states that its loss estimate is in line with industry insured ... Read the full article

AXIS Capital invests in health insurtech firm HealthCare.com

6th November 2019

Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited has invested in health insurance-technology firm HealthCare.com. AXIS Capital participated in the insurtech’s Series B round of funding alongside CNO Financial Group and Second Alpha Partners, a New York-based private equity firm specialising in technology-enabled companies. The investment round brings HealthCare.com’s total capital ... Read the full article

More rate improvements ahead after market pain in 2019: AXIS CEO Benchimol

1st November 2019

AXIS Capital is anticipating ongoing insurance and reinsurance pricing increases into the 2019 renewals and beyond, according to its Chief Executive Officer (CEO), Albert Benchimol. Speaking during the firm’s third quarter earnings call, Benchimol explained that rates remain inadequate in many lines, and should be spurred on by the further “pain” ... Read the full article

Longer-term, growing in Japan is the right call, says AXIS CEO

1st November 2019

Despite 2019 being a highly active year for Japanese typhoons, AXIS Capital's decision to take advantage of improved market conditions and expand in the region remains the right call, according to the Bermudian re/insurer's Chief Executive Officer (CEO), Albert Benchimol. The insurer and reinsurer revealed in its second-quarter 2019 earnings call ... Read the full article

“Disappointing quarter” sees AXIS Capital’s combined ratio weaken to 109.4%

30th October 2019

Bermudian insurer and reinsurer, AXIS Capital Holdings Limited has reported net income of $28 million and an operating loss of $33 million for the third-quarter of 2019, as catastrophe, credit and aviation line losses pushed the firm's combined ratio to 109.4%. The re/insurer's Q3 2019 results include pre-tax weather-related losses, net ... Read the full article

AXIS to limit thermal coal, oil sands underwriting & investments

16th October 2019

Bermudian insurer and reinsurer, AXIS Capital Holdings Limited, has announced a new policy which addresses the firm's underwriting of, and investments in, thermal coal and oil sands-related business. Amid ongoing global pressure to mitigate the impacts of climate risks and transition to a low-carbon economy, numerous insurers and reinsurers have taken ... Read the full article

AXIS Capital pegs Q3 cat losses at up to $175mn, exceeding forecasts

11th October 2019

Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited has estimated that it will incur between $150 million and $175 million of catastrophe losses in the third quarter of 2019. The preliminary pre-tax estimates relate to losses stemming from Hurricane Dorian, Japanese typhoons, and other weather related events. Notably, this loss range ... Read the full article

AXIS Capital withdraws support for Australia’s Carmichael mine, sources report

3rd October 2019

Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited has dropped its bid to provide coverage for the controversial Carmichael coal mine project in Australia, according to sources at Reuters. The publication said that sources close to the company confirmed that AXIS had withdrawn its quotes for insurance of the mine’s ... Read the full article

AXIS Capital appoints Martin McCarty as Global Treasurer

30th September 2019

AXIS Capital Holdings Limited has announced the appointment of Martin McCarty to the position of Global Treasurer. In this role, McCarty will be responsible for overall capital, foreign currency, cash and liquidity management, as well as coordination with ratings agencies on behalf of AXIS Capital. Additionally, he will be tasked with providing ... 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.