Reinsurance News
15th October 2020
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, has added Lydia LaSalata and Matthew Trinkle to its North American Casualty operation. LaSalata's appointment is effective October 15th, 2020 and she joins the reinsurer as a Senior Underwriter for Professional Liability. She joins AXIS Re from Safety National Re, ... Read the full article
14th October 2020
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has estimated that it will incur catastrophe losses of between $225 million and $255 million during the third quarter of 2020. This figure is pre-tax, with the loss range decreasing to $190 million to $220 million after accounting for tax. Losses primarily relate to ... Read the full article
2nd October 2020
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, has announced the appointment of four underwriters to its US Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as Senior Underwriters to help support the company’s profitable growth in the management liability ... Read the full article
17th September 2020
AXIS Insurance, part of AXIS Capital Holdings, has announced the appointments of Jonathan Martin and Jennifer Fisher as Vice President and Assistant Vice President, respectively, within the its U.S. Excess Casualty underwriting team. Martin joins AXIS with over 12 years of experience at Gen Star Management where he held a variety ... Read the full article
15th September 2020
The reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, AXIS Re, has promoted Camilo Rodriguez to Head of International Credit & Surety within its Global Markets unit. In his new role, he will remain in the company's Zurich, Switzerland office and will report to Ann Haugh, President of Global Markets. Rodriguez first ... Read the full article
3rd September 2020
AXIS Insurance, the specialty insurance arm of AXIS Capital Holdings, has selected digital insurance agency, Simply Business, Inc., as the first distributer to work on a new insurance solution for entrepreneurs. The new product, AXIS Home Based Business insurance, is for U.S. small business owners who operate from their homes, and ... Read the full article
17th August 2020
AXIS Re, the reinsurance underwriting arm of the global AXIS Capital Holdings re/insurance group, has added two new hires in Bermuda, coming from Hiscox and Guy Carpenter. AXIS Re has announced today the hires of two underwriters in Sue Ringold and Bill Orendorf. Effective immediately, Ringold joins AXIS Re as a Senior ... Read the full article
10th August 2020
Albert Benchimol, CEO of AXIS Capital Holdings Limited, believes that favourable market conditions will continue with the benefits of further rate hardening. The Bermuda-based insurer and reinsurer recently revealed its financial results for the second quarter of 2020, which saw the current market being favourable, despite the drop in its ... Read the full article
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
