Latest AXIS Capital Headlines
All the headlines from our AXIS Capital Topic Page, ordered by recency.
AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting
Mar 5 2024 // AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first announced in December that it had secured in-principle approval from Lloyd’s to...
AXIS Capital Names Becker as Chair-Elect of Board of Directors, Succeeding Smith
Feb 29 2024 // AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive chair of its Board of Directors. Smith, who has served as chair...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
Nov 29 2023 // For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a...
Tizzio Becomes President and CEO of AXIS Capital, Succeeding Benchimol
May 4 2023 // AXIS Capital Holdings Ltd. announced that Vincent C. Tizzio assumed the role of president and CEO of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to the company’s...
AXIS Capital Commits to Greenhouse Gas Reduction Goals
Feb 15 2023 // AXIS Capital Holdings Ltd. announced its commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 across its global operations. The action is the company’s latest step in its...
Industry Trailblazer, Former Chairman of AXIS Capital, Michael A. Butt, Dies
Feb 10 2023 // Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A. Butt, the company’s former chairman and industry leader, who died on Feb. 8. Benchimol...
RiverStone Enters Loss Portfolio Transfer Reinsurance Agreement With AXIS Capital
Dec 16 2022 // RiverStone International, the Bermuda-based acquirer and reinsurer of legacy and discontinued insurance business, announced it has entered into loss portfolio transfer (LPT) reinsurance agreements with affiliates of AXIS...
AXIS Capital Launches Wholesale Division
Sep 8 2022 // AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale market. The division is being led by Carlton Maner who has been appointed as CEO,...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
Oct 21 2021 // AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. “It is our belief at AXIS that [insurance/reinsurance] industry needs to move...
Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses
Oct 15 2021 // Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full quarterly earnings to be released on Oct. 27, 2021, Everest is estimating total Q3 pre-tax...
AXIS Capital Estimates Q1 Pre-Tax Catastrophe Losses of $105M-$115M
Apr 15 2021 // Bermuda-based AXIS Capital Holdings Ltd. announced a preliminary, pre-tax first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, or $95 million to...
AXIS Capital Decides to Stop Insuring Arctic Oil and Gas Projects
Jan 15 2021 // AXIS Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans...
AXIS Capital Estimates Q3 Pre-Tax Catastrophe Losses of $225M-$255M
Oct 14 2020 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax net loss estimate in the range of $225 million to $255 million ($190 million to $220 million, after-tax) for third quarter catastrophes and other events. This net...
Hamilton Re Appoints Former AXIS Capital Executive as New CEO
Sep 10 2020 // Hamilton Re has named Megan Thomas, a former AXIS Capital and AIG executive, as the company’s new chief executive officer. She succeeds David Brown, the chairman of Hamilton Re who was appointed interim CEO in early...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter
Apr 27 2020 // AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes estimated pre-tax claims...
AXIS Chairman, Co-Founder Butt to Retire; Smith Named Chairman-Elect
Feb 27 2020 // AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a...
AXIS Capital’s Losses from Japan’s Typhoon Hagibis Estimated at $90M-$110M
Nov 26 2019 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and...
AXIS Capital Sets Clean Energy Policy Designed to Reduce Climate Risks
Oct 17 2019 // AXIS Capital Holdings Ltd. won’t insure, invest in or provide insurance or reinsurance for new coal plants or oil pipelines as part of an initiative designed to reduce climate risks and support the switch to...
AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million
Oct 14 2019 // AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries...
AXIS Capital Chairman Butt Inducted into Insurance Hall of Fame
Jan 4 2019 // AXIS Capital Holdings Ltd. announced that the International Insurance Society (IIS) has inducted Michael Butt, chairman of AXIS Capital, into the Insurance Hall of Fame and named Butt the 2019 Insurance Hall of Fame...
