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Reinsurance News

AXIS Capital Holdings

Price action to persist in an “underwriters’ market,” says AXIS CEO Benchimol

6th August 2019

The President and Chief Executive Officer (CEO) of AXIS Capital Holdings Limited, Albert Benchimol, has said that current earnings will be crucial in what is still not a hard market, but an underwriters' market. In light of more pronounced rate increases at the June and July renewals, insurance and reinsurance company ... Read the full article

Swiss Re’s Jason Busti joins AXIS Re as President of North America

1st August 2019

Bermuda domiciled re/insurer AXIS Capital Holdings Limited has announced that Jason Busti has joined its reinsurance arm, AXIS Re as President of North America, based in New York. He joins the firm after 22 years with reinsurance giant Swiss Re, and in his new role, will be a member of the ... Read the full article

AXIS reports reinsurance growth, higher net income in Q2

31st July 2019

AXIS Capital Holdings Limited has reported higher net income for the second-quarter of 2019 when compared with the prior year, while its underwriting income fell to $78.7 million, resulting in a combined ratio of 96.1%. Bermudian insurer and reinsurer AXIS Capital's combined ratio improved by 3% in Q2 2019 when compared ... Read the full article

AXIS expands capital markets reinsurance support with $39m Alturas Re sidecar issuance

2nd July 2019

Bermudian insurer and reinsurer AXIS Capital Holdings Limited has sponsored a $39 million issuance of notes to its collateralised reinsurance sidecar, Alturas Re Ltd. The latest issuance is the third of this year and takes the total amount of capital backing the sidecar vehicle to $169 million for 2019. As reported by ... Read the full article

Vibe’s Joe Sweeting to lead AXIS Re’s Lloyd’s Casualty Reinsurance

12th June 2019

The reinsurance arm of AXIS Capital Holdings Limited, AXIS Re has announced that Joe Sweeting has joined the firm as Head of Lloyd's Casualty Reinsurance. In his new role, Sweeting will take responsibility for managing all aspects of the reinsurer's casualty operation at the specialist Lloyd's of London insurance and reinsurance marketplace. ... Read the full article

RenRe’s Isikoff joins AXIS Capital as Chief Information Security Officer

28th May 2019

Kelly Isikoff has joined AXIS Capital Holdings from RenaissanceRe as the firm's new Chief Information Security Officer (CISO), reporting to Global Chief Information Officer (CIO), Keith Schlosser. Based in the firm's New York office, Isikoff will take responsibility for the oversight of AXIS Capital's enterprise-wide information security strategies, as well as collaborating with ... Read the full article

AXIS partners with cyber startup accelerator CyLon

14th May 2019

Bermuda-based insurance and reinsurance firm AXIS Capital Holdings has announced a new partnership with cyber security startup accelerator CyLon. The partnership, which aims to inform and educate cyber security startups on the threats and opportunities unique to the space, will see the two firms work together with startups entering the CyLon ... Read the full article

Chubb’s Tony Jordan joins AXIS Capital as Group Chief Actuary

2nd May 2019

AXIS Capital Holdings Limited has appointed global re/insurer Chubb's Tony Jordan as its new Group Chief Actuary, reporting to Peter Vogt, AXIS Capital's Group Chief Financial Officer (CFO). Based in the firm's London office, Jordan will be responsible for overseeing AXIS Capital's corporate actuarial function, which includes reserving functions, capital modelling ... Read the full article

AXIS significantly expands in Japan under “quite attractive terms”

29th April 2019

Bermuda domiciled insurer and reinsurer, AXIS Capital significantly increased its exposure in Japan at the April 1st renewals, under "quite attractive terms." Speaking during the re/insurer's first-quarter 2019 earnings call, AXIS Capital President and Chief Executive Officer (CEO), Albert Benchimol, noted an "attractive Japanese market" at the most recent renewals, with ... Read the full article

AXIS results hit by Japanese typhoon loss creep & higher expenses

25th April 2019

Bermudian insurance and reinsurance group AXIS Capital has reported first-quarter 2019 results that were dented by $30 million of loss creep related to Japanese typhoons Jebi and Trami, as well as higher than expected expenses. AXIS Capital has reported net income of $98 million, or $1.16 per diluted common share, for ... Read the full article

Hottinger to succeed Ekberg as President of EMEA & LatAm, AXIS Re

15th April 2019

The reinsurance arm of Bermudian company AXIS Capital Holdings Limited, AXIS Re, has appointed Andy Hottinger as President of EMEA and LatAm, succeeding Jan Ekberg. Ekberg is leaving the company in July 2019 after a 45 year career in the insurance and reinsurance industry, 15 of which spent with AXIS. His replacement, ... Read the full article

Moody’s changes AXIS Capital’s ratings’ outlook to negative

4th April 2019

Moody's Investors Service has changed the ratings' outlook of AXIS Capital Holdings Limited from stable to negative, citing lower capitalisation and higher operating and financial leverage relative to peers. At the same time, Moody's has affirmed the ratings of AXIS Capital and its subsidiaries, including the Baa1 guaranteed senior debt of its ... Read the full article

A.M. Best stays negative on AXIS Capital despite improvements

18th March 2019

A.M. Best has maintained its negative outlook on the ratings of Bermudian insurance and reinsurance firm AXIS Capital Holdings Limited, although it acknowledged that the company has taken steps to address its concerns during 2018. The rating agency also affirmed AXIS’ Long-Term Issue Credit Rating of ‘a-‘, as well as the ... Read the full article

Industry veteran Lizabeth Zlatkus joins AXIS Board of Directors

26th February 2019

Bermuda-based insurance and reinsurance firm, AXIS Capital Holdings Limited has added insurance industry veteran Lizabeth Zlatkus to its Board of Directors, effective March 15th 2019. In her new role, Zlatkus will serve as a member of AXIS' Audit and Finance Committees. The addition of Zlatkus takes the total number of AXIS ... Read the full article

AIG’s Robert Quane joins AXIS as Head of Underwriting & Portfolio Optimization

11th February 2019

AXIS Capital Holdings Limited has appointed Robert Quane to the newly created role of Head of Underwriting and Portfolio Optimization. In his new role, Quane will be responsible for leading the company's Group Underwriting function, while at the same time working in partnership with AXIS' business segments. Quane joins the firm from ... Read the full article

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