Reinsurance News

AXIS Capital Holdings

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

AXIS Re hires Bennett from MS Amlin to lead Lloyd’s property reinsurance underwriting

21st September 2018

AXIS Reinsurance, the reinsurance focused unit of Bermuda-headquartered global re/insurer AXIS Capital Holdings Limited has hired William Bennett from MS Amlin to become its Senior Underwriter for Property Reinsurance business at Lloyd’s. Bennett will join AXIS Re in March 2019 and be based in London, reporting to  Jonathan Gray, Head of ... Read the full article

AXIS appoints Helen O’Sullivan to lead Ireland subsidiaries

18th September 2018

Bermudian re/insurance group AXIS Capital Holdings has announced the appointment of Helen O’Sullivan as Chief Executive Officer of AXIS Specialty Europe SE and AXIS Re SE. O’Sullivan, who steps into the role having most recently served as Deputy Global Tax Director at AXIS, will oversee the company’s subsidiaries and its branches ... Read the full article

AXIS Re Strategic Partners launches

10th September 2018

The reinsurance arm of AXIS Capital Holdings Limited, AXIS Re, has announced the formal launch of AXIS Re Strategic Partners, alongside the appointment of the Strategic Account Executives for EMEA. The re/insurer announced AXIS Re Strategic Partners earlier this year, alongside a broader expansion of product and market capabilities. Now, the company ... Read the full article

AXIS appoints Linda Ventresca to newly created Chief Strategy Officer role

21st August 2018

AXIS Capital Holdings Limited has announced the appointment of Linda Ventresca to the newly created role of Chief Strategy Officer, reporting directly to President and Chief Executive Officer (CEO), Albert Benchimol. In her new role, Ventresca will be responsible for overseeing and guiding the re/insurer's strategic priorities, and for driving the ... Read the full article

AXIS appoints Partner Re’s Marcus Pollak to lead newly-created Product Center

15th August 2018

Bermudian re/insurance group AXIS Capital Holdings has appointed Marcus Pollak as Head of its newly-created Product Center. Based in Zurich, Pollak will lead underwriting process and portfolio management activities for AXIS Re and will report to Chief Underwriting Officer, Megan Thomas. “Marcus’ appointment as head of our newly created Product Center is ... Read the full article

Anne Kelly named Global Head of Ceded Reinsurance at AXIS

13th August 2018

AXIS Capital Holdings Limited has announced the appointment of Anne Kelly as Global Head of Ceded Reinsurance, effective September 4th, 2018. In her new role, Kelly will be responsible for leading AXIS' Ceded Re functions across its entire range of insurance product lines. Based in New York, she will report to ... Read the full article

AXIS Capital launches new unit dedicated to forging Insurtech partnerships

31st July 2018

Bermudian re/insurance group AXIS Capital has announced the launch of AXIS Digital Ventures, a new data and analytics-focused unit aimed at sourcing Insurtech partnerships in hopes of accessing new technologies with re/insurance applications. Zach Powell, who previously served as Director of Corporate Development at AXIS, has been appointed as the Head ... Read the full article

AXIS promotes Randell to Head of Insurance & Chief Agent, Canada

19th July 2018

AXIS Insurance, a division of Bermuda domiciled insurer and reinsurer AXIS Capital Holdings Limited, has named Brad Randell to Head of Canada Insurance, and Chief Agent, Canada, reporting directly to John Van Decker, President, North American Professional Lines, AXIS Insurance. Randell's promotion sees him take responsibility for the oversight of AXIS' insurance operations ... Read the full article

AXIS Capital announces new addition to Board of Directors

28th June 2018

AXIS Capital Holdings has announced the addition of Barbara A. Yastine to its Board of Directors, effective July 1. She is also set to join the Board’s Audit Committee, effective September 1. Yastine brings over 30 years’ experience to the Board and was previously the Chief Executive Officer (CEO) at Ally ... Read the full article

AXIS Capital appoints Matthew Rohrmann as Head of Investor Relations

22nd May 2018

Bermuda-based, global provider of specialty insurance and treaty reinsurance AXIS Capital has today announced the appointment of Matthew Rohrmann as Head of Investor Relations, replacing Linda Ventresca, who will now focus on her role as Chief Transformation Officer, overseeing the Company’s enterprise-wide transformation program. A Chartered Alternative Investment Analyst, Rohrmann joins ... Read the full article