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.
AXIS reports 124.6% CR on previously announced Q4’23 reserve strengthening
1st February 2024
Bermuda-based AXIS Capital Holdings Limited has reported a net loss of $150 million for the fourth quarter of 2023 on the back of previously announced net adverse prior year reserve development of $425 million, as the firm's combined ratio deteriorated by 30.5 percentage points to 124.6%. The re/insurer announced last ... Read the full article
Reserve strengthening ‘the best economic outcome’ for AXIS: CFO Vogt
24th January 2024
Peter Vogt, the Chief Financial Officer (CFO) of Bermuda-based specialty insurer and reinsurer, AXIS Capital Holdings, said yesterday that while the firm explored numerous available options, it ultimately felt that strengthening its reserves provides "the best economic outcome for the company." Yesterday, AXIS announced preliminary results for the full year ... Read the full article
AXIS Capital strengthened prior year reserves in Q4’23 by $425m
24th January 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the strengthening of prior year reserves in Q4 2023 by $425 million, pre-tax, or $361 million, after-tax. The company notes that the reserve strengthening is attributable to its insurance and reinsurance segments in liability lines and professional lines ... Read the full article
AXIS Capital promotes Conrad Brooks, names Christina Gray-Trefry as General Counsel
12th January 2024
Insurer and reinsurer AXIS Capital Holdings Limited has announced the promotion of Conrad Brooks to Chief Administrative and Legal Officer, with Christina Gray-Trefry taking over as General Counsel. In Brooks’ expanded role, he assumes oversight of Human Resources, in addition to his current oversight of the company’s Internal Audit, Data Privacy, ... Read the full article
AXIS hires Anna Tan from Navigators as Head of Wholesale Casualty
10th January 2024
Bermuda-based AXIS Capital Holdings Limited has named Anna Tan as the new leader of its Primary & Excess Wholesale Casualty teams as they look to advance their business objectives. As Head of Wholesale Casualty, Tan will play a key role in boosting the position of re/insurer AXIS in the US wholesale ... Read the full article
AXIS Capital appoints Mike Cueman as Head of Construction, US
10th January 2024
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has appointed Mike Cueman to the newly created role as Head of Construction, for its United States market, reporting to Steve Cross, Global Head of Construction and Michael McKenna, Head of North America via a matrixed structure Cueman will ... Read the full article
AXIS hires Hippo’s Gallant as Head of Investor Relations & Corporate Development
18th December 2023
AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has appointed Cliff Gallant as Head of Investor Relations and Corporate Development. The appointment is effective from December 18th, 2023, Gallant will report to Peter Vogt, AXIS Chief Financial Officer and will serve as a member of the ... Read the full article
AXIS Capital to launch Energy Resilience Syndicate 2050 at Lloyd’s
14th December 2023
Global specialty underwriter and provider of re/insurance solutions, AXIS Capital Holdings Limited, has received in-principle approval from Lloyd’s to establish a new syndicate dedicated to providing capacity for new energy projects. Through Energy Resilience Syndicate 2050, which will have a critical role in supporting the transition to net zero and building ... Read the full article
John Owen appointed Chief Executive of AXIS Managing Agency
9th November 2023
AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, has appointed John Owen as Chief Executive of AXIS Managing Agency Limited (AMA), subject to regulatory approval. According to AXIS, in his new role, Owen will be responsible for AMA, the managing agent arm of AXIS Capital that ... Read the full article
AXIS reports strong combined ratio as re/insurance underwriting result improves
2nd November 2023
Bermuda-based re/insurer AXIS Capital has reported an improvement in its combined ratio to 92.7% for Q3 2023, supported by a better underwriting result in both its insurance and reinsurance segments. Group-wide, the third quarter combined ratio improved 11.6 percentage points from 104.3% in 2022, as the net losses and loss expense ... Read the full article
AXIS announces retirements of its Chief People Officer & Wholesale CEO
18th October 2023
AXIS Capital has announced the retirements of its Chief People Officer Noreen McMullan, and its Wholesale Chief Executive Officer (CEO) Carlton Maner. Moving forward, AXIS has confirmed that McMullan will be succeeded by Lisa Pariot who will become Chief People Officer on January 1, 2024. Following the transition, McMullan will continue work ... Read the full article
AXIS sponsors first ever 144a cyber catastrophe bond
18th October 2023
As first reported by our insurance-linked securities (ILS) focused sister site, Artemis, Bermuda-based insurer and reinsurer AXIS Capital Holdings has sponsored the world's first full 144a cyber catastrophe bond, a $75 million Long Walk Reinsurance Ltd. (Series 2023-1) transaction. Artemis sources confirmed that this cyber cat bond will provide ... Read the full article
AXIS and Stone Point launch casualty-focused collateralized reinsurer Monarch Point Re
29th September 2023
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has partnered with Stone Point Credit Advisers LLC to launch Monarch Point Re, a new, Bermudian collateralized reinsurer with over $400 million of capital raised. The more than $400 million of equity includes a $75 million investment from a subsidiary of AXIS and ... Read the full article
Kelly Beaudoin to lead AXIS Capital Partnership Office
19th September 2023
AXIS Capital has announced the appointment of Kelly Beaudoin as Head of the company’s Partnership Office, a cross-functional team that guides the organisation’s change management programs. In this newly created role, Beaudoin will work with AXIS President and CEO Vince Tizzio and the company’s leadership team to guide the implementation of ... Read the full article
AXIS appoints Wu Head of Distribution – Specialty Markets, North America
13th September 2023
AXIS Capital Holdings has announced that Edmond Wu has joined as Head of Distribution – Specialty Markets, North America. According to AXIS, Wu holds extensive specialist knowledge and experience which includes executive positions with both brokers and carriers. He most recently served as Head of Global Specialty Sales and Distribution at The ... Read the full article
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