Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier will join as senior underwriters. Smith will …
AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its Financial Strength Rating downgraded to A (Excellent) from A+ (Superior) and its Long-Term Issuer Credit Ratings have been downgraded to …
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 of $235 million for the COVID-19 pandemic. The company’s …
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …
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 Laureate. Butt will be honored at …
AXIS Capital Holdings won an outlook upgrade from Standard & Poor’s Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic initiatives. Standard & Poor’s revised its AXIS outlook to stable …
AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber Center of Excellence, a global resource that provides mentorship, …
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …
AXIS Capital Holdings Ltd. announced that Linda Ventresca has been appointed to the newly created position of chief strategy officer. Reporting directly to president and CEO Albert Benchimol, Ventresca will be responsible for guiding the development of the company’s strategic …
AXIS Capital Holdings Ltd. announced that Marcus Pollak has been appointed to the newly created role of head of Product Center for AXIS Re. Based in Zurich, Pollak will lead underwriting process and portfolio management activities for AXIS Re, and …
