Reinsurance News
AXIS Capital Holdings
AXIS Re adds Senior Property Underwriter, EMEA & LatAm
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
Reinsurance pricing “approaching adequacy,” says AXIS CEO Benchimol
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
Slice Labs partners with AXIS Insurance on Home Based Business cover
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
AXIS reports Q3 net loss as combined ratio hits 114.5%
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
AXIS Re expands NA Casualty team with two new underwriters
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
AXIS estimates Q3 cat losses at up to $255mn
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
AXIS Insurance adds to US Management Liability team
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
AXIS Insurance expands U.S. Excess Casualty team
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
AXIS Re promotes Rodriguez to Head of Intl. Credit & Surety, Global Markets
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
AXIS Insurance & Simply Business target home-based U.S. businesses
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
AXIS Re hires underwriters from Hiscox & Guy Carpenter in Bermuda
17th August 2020
AXIS Re, the reinsurance underwriting arm of the global AXIS Capital Holdings re/insurance group, has added two new hires in Bermuda, coming from Hiscox and Guy Carpenter. AXIS Re has announced today the hires of two underwriters in Sue Ringold and Bill Orendorf. Effective immediately, Ringold joins AXIS Re as a Senior ... Read the full article
Favourable market conditions to sustain well into 2021: Benchimol, AXIS
10th August 2020
Albert Benchimol, CEO of AXIS Capital Holdings Limited, believes that favourable market conditions will continue with the benefits of further rate hardening. The Bermuda-based insurer and reinsurer recently revealed its financial results for the second quarter of 2020, which saw the current market being favourable, despite the drop in its ... Read the full article
AXIS posts $54mn fall in Q2 income, COVID-19 claims provision unchanged
29th July 2020
Bermuda-based insurer and reinsurer AXIS Capital has posted a second quarter net income of $112 million, down from $166 million in the prior year quarter. Operating income for the quarter was $72 million, down significantly from $137 million in the prior year quarter. The company has also confirmed there is no change ... Read the full article
AXIS Insurance adds Anna Woolley as Senior Underwriter
2nd July 2020
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings, has added Anna Woolley as a Senior Underwriter to its International Construction team. Effective immediately, Woolley will focus on writing new business and portfolio management on Erection All Risk (EAR), including industrial construction and petrochemical buildings. She is based in London and ... Read the full article
Eric Seyfried joins AXIS Insurance as Head of US Cyber Open Market
15th June 2020
AXIS Insurance, the specialty insurance arm of Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited, has appointed Eric Seyfried as Head of Cyber U.S. Open Market, effective immediately. In his new role, Seyfried will be tasked with assisting in the design and implementation of the U.S. strategy and direction for the ... Read the full article
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