Reinsurance News
AXIS Capital Holdings
AXIS Capital Holdings is a specialty insurer and reinsurer with a global reach. Headquartered in Bermuda, AXIS operates out of numerous offices around the world, underwriting specialty insurance and reinsurance business.
Read our AXIS Capital insurance or reinsurance news and analysis below.
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
More price action required across most re/insurance lines: AXIS CEO Benchimol
1st February 2019
Price action in reinsurance lines was evident in some areas at the January renewals with little reductions and response to loss activity. However, global catastrophe pricing remained a disappointment for AXIS Capital at the recent renewal, with President and Chief Executive Officer (CEO), Albert Benchimol calling for more price action ... Read the full article
Attritional losses drive $198m Q4 net loss for AXIS
31st January 2019
Bermudian re/insurance group AXIS Capital Holdings has announced a $198 million net loss for the fourth quarter of 2018, driven by heavy attritional property and catastrophe activity. This $198 million Q4 net loss, with a 117.3% Combined Ratio (CR), compares to the $38 million net loss and 100.7% CR reported in ... Read the full article
AXIS Re names Jason Arbuckle Head of Underwriting, Canada
29th January 2019
AXIS Re, the reinsurance arm of AXIS Capital Holdings Limited, has named Jason Arbuckle as Head of Underwriting for Canada. In his new role, Arbuckle will take responsibility for the Canadian office operations, which includes enhancing and expanding the reinsurer's Canadian market business, and both identifying and establishing new AXIS Re ... Read the full article
AXIS Capital appoints Keith Schlosser as Chief Information Officer
16th January 2019
Bermudian re/insurance group AXIS Capital Holdings has announced the appointment of Keith Schlosser as Chief Information Officer. Schlosser joins AXIS from Chubb, where he spent the previous seven years as Chief Information Officer for the company’s Overseas General Insurance division, leading a number of growth and digital initiatives. He has 30 years ... Read the full article
AXIS Capital names Govind Balu as Chief Analytics Officer
9th January 2019
Bermudian re/insurance group AXIS Capital Holdings has announced the appointment of Govind Balu as Chief Analytics Officer. Balu will be tasked with leading AXIS’ data and analytics initiatives globally, as well as the company’s Analytics Center of Excellence, which partners with teams across the organisation to apply digital solutions to AXIS’ ... Read the full article
AXIS Capital Chairman Michael Butt OBE inducted into Insurance Hall of Fame
3rd January 2019
Bermudian re/insurance group AXIS Capital Holdings has announced the induction of its Chairman, Michael Butt OBE, into the Insurance Hall of Fame by the International Insurance Society. Butt, who has also been named the 2019 Insurance Hall of Fame Laureate, is to be honoured at the IIS Global Insurance Forum’s Gala ... Read the full article
AXIS estimates up to $150m loss from California wildfires
20th December 2018
Bermudian re/insurance group AXIS Capital has announced a preliminary, pre-tax loss estimate for the California wildfires of between $125 million and $150 million, net of estimated recoveries from reinsurance and retrocessional covers and including the approximate impact of reinstatement premiums. AXIS states that this figure is derived from the $20 billion estimated ... Read the full article
Benchimol to continue as AXIS CEO for a further 5 years
12th December 2018
AXIS Capital Holdings has revealed that it has extended the employment term of its President and Chief Executive Officer (CEO), Albert Benchimol, for an additional five years. Benchimol was appointed as President and CEO of AXIS in May 2012 and has served as a director since January 2012. He joined the company ... Read the full article
AXIS Capital estimates up to $120mn Hurricane Michael losses
9th November 2018
Bermudian re/insurance group AXIS Capital has released a preliminary pre-tax loss estimate for losses related to Hurricane Michael in the fourth quarter, which it puts in the range of $100 million to $120 million. AXIS said that its estimate was consistent with industry insured losses of approximately $10 billion. This compares with ... Read the full article
Lloyd’s market has no choice but to reduce costs: AXIS CEO, Benchimol
30th October 2018
The specialist Lloyd's of London insurance and reinsurance marketplace has no choice but to reduce its costs, and the market is taking steps in the right direction to address current challenges, according to the President and Chief Executive Officer (CEO) of AXIS Capital Holdings, Albert Benchimol. "Let's be honest, I don't ... Read the full article
Lower-than-expected cat losses benefit AXIS in Q3: Analysts
25th October 2018
AXIS Capital Holdings has announced its results for the third-quarter of 2018, posting net income of $43 million compared with a net loss of $468 million a year earlier. According to analysts, the firm's performance in the third-quarter benefited from lower-than-expected catastrophe losses. The Bermuda-based re/insurer's financial results for the third-quarter ... Read the full article
AXIS Capital appoints Deutsche Bank’s Elly Hardwick to Board of Directors
24th October 2018
Bermudian re/insurance group AXIS Capital Holdings has announced the appointment of Elly Hardwick to the company’s Board of Directors, effective November 1. Hardwick has held senior leadership roles at Credit Benchmark, Thomson Reuters and, most recently, Deutsche Bank AG. “Elly brings experience driving innovation and strategy at world-class companies, coupled with the ... Read the full article
AXIS appoints Kent Ziegler as Global Corporate Controller
19th October 2018
AXIS Capital Holdings Limited has announced the appointment of Kent Ziegler to the newly created position of Global Corporate Controller. Ziegler joins AXIS from Allied World Assurance Company Holdings, where he most recently served as Senior Vice President and Chief Financial Officer (CFO) and was responsible for the management of the ... 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.
