Reinsurance News
22nd January 2021
A recent report examining the influence of climate change on hurricane risks in the U.S. shows that increased event frequency and sea level rise will have a significant impact on future damages. The AIR Worldwide-led report, in collaboration with experts from re/insurer AXIS Capital Holdings Limited and the Brookings Institution, explores ... Read the full article
21st January 2021
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has hired two additional underwriters within its renewable energy business. Nicholas Boswell Brown and Claire Whelan will join in April in order to support the expansion of the company’s renewable energy business in Spain, Portugal and Latin America. Boswell Brown joins ... Read the full article
19th January 2021
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has announced a preliminary Q4 2020 net claims estimate of between $195 million to $205 million, pre-tax, for catastrophes and weather-related events. Of this range, AXIS states that a significant $125 million, pre-tax, relates to the COVID-19 pandemic, while an additional $70 million ... Read the full article
11th December 2020
Bermuda-based re/insurer AXIS Capital Holdings Limited has announced that both Christopher V. Greetham and Wilhelm Zeller are to retire from the company's board of directors, effective December 31st, 2020. Greetham has served on the board of AXIS Capital since October of 2006, while Zeller joined the company's board of directors in ... Read the full article
10th December 2020
Fitch Ratings has affirmed the 'A+' (Strong) Insurer Financial Strength (IFS) ratings of the operating subsidiaries of Bermuda-based re/insurer AXIS Capital. The ratings agency has also affirmed AXIS’ 'A-' Issuer Default Rating (IDR), while the rating outlook is negative. Fitch says these ratings reflect the company's moderate business profile, very strong capitalization ... Read the full article
2nd December 2020
The reinsurance arm of Bermuda-based AXIS Capital Holdings Limited, AXIS Re, has appointed Emilie Hungenberg as a Senior Underwriter, Property, EMEA & Latin America. In her new role, Hungenberg takes on responsibility for underwriting a property treaty portfolio for France, Benelux, Iberia, and Africa. She will work alongside the underwriting team responsible ... Read the full article
5th November 2020
Albert Benchimol, President and CEO of Bermudian re/insurer AXIS Capital, has said he believes reinsurance pricing is “approaching adequacy” but that more rate action is needed beyond 2021 in some areas. Speaking in an earnings call alongside the release of AXIS’ Q3 results, Benchimol offered his perspective on the current ... Read the full article
30th October 2020
Technology startup Slice Labs has partnered with AXIS Insurance, a division of re/insurer AXIS Capital Holdings, to distribute the AXIS Home Based Business insurance product in a bid to help protect small businesses. The product is designed to fill the gap between by covering common small-business risks like general liability, professional ... Read the full article
29th October 2020
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has announced a net loss of $73 million and a combined ratio of 114.5% for the third-quarter of 2020, as pre-tax catastrophe and weather-related losses reached $240 million in the period. A net loss of $73 million compares with net income of $28 ... Read the full article
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
