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 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
AXIS launches Inland Marine unit led by Kristen Hunter for NA expansion
24th August 2023
AXIS Capital Holdings has announced the establishment of an Inland Marine unit, led by industry veteran Kristen Hunter, as part of its strategic expansion of specialty offerings and capabilities in North America. Hunter, with an impressive track record in specialty underwriting and portfolio management, joins AXIS Capital from Berkshire Hathaway, where ... Read the full article
AXIS maintains XOL attachment point at mid-year, renews quota shares at consistent levels
3rd August 2023
When renewing its outwards reinsurance for its property portfolio at the mid-year renewals, Bermuda-based AXIS Capital avoided raising the attachment point on its excess of loss occurrence cover. For its insurance property book of business, AXIS renewed coverage at an attachment point in line with the previous year at $100 million, ... Read the full article
AXIS reports net income of $143m with improved combined ratio in Q2 2023
2nd August 2023
AXIS Capital Holdings Limited has announced its financial results for the second quarter of 2023, reporting an improved net income of $143 million, which compares to the $27 million seen in the same period last year. The firm's underwriting experience also improved in the period, with AXIS reporting a combined ratio ... Read the full article
AXIS Capital names Lori Bailey Head of Cyber and Technology
19th July 2023
AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has appointed Lori Bailey as Head of Cyber and Technology, a New York-based role. In her new role, Bailey will oversee the company’s Global Cyber and Technology team and will be responsible for shaping the division’s strategy, driving its profitability ... Read the full article
AXIS Capital appoints Timothy Braun as CUO of Global Financial Lines
18th July 2023
Timothy Braun has been appointed as the Chief Underwriting Officer (CUO) of Global Financial Lines at Bermuda-based re/insurer AXIS Capital. His appointment was effective June onwards and is based out of New York, U.S. Braun is a market veteran and has three decades of industry experience. He has now been with ... Read the full article
Frank Romeo to lead AXIS Capital’s marine cargo launch in the US
12th July 2023
AXIS Capital has appointed Frank Romeo to lead its entry into the US marine cargo insurance market. According to AXIS, the development of a marine cargo proposition tailored to the US market is part of the firm's broader strategy to maximise its global footprint while providing increased value to its customers ... Read the full article
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