AXIS News

AXIS Chief Operating Officer Gressier to Retire in 2015

Bermuda-based specialty insurer AXIS Capital Holdings Limited said that Jack Gressier, chief operating officer, plans to retire in a year, after 12 years with the firm. The company said it does not intend to replace Gressier and that his responsibilities …

AXIS Names Pesce Director for Surety in U.S.

Bermuda-based specialty lines in surer AXIS Capital Holdings Limited has named David Pesce as director of Surety for AXIS Insurance. He will be responsible for building and managing AXIS Insurance’s surety bond business in the U.S. Pesce reports to Richard …

Endurance Appoints Kuhn as CEO – Global Insurance

Bermuda-based Endurance Specialty Holdings Ltd announced that John (“Jack”) Kuhn will be joining the company next week as Chief Executive Officer, Global Insurance, responsible for Endurance’s U.S., Bermuda and International insurance operations. He will be based in Endurance’s Bermuda office, …

Ratings Recap – Notes, Pref. Shares: Swiss Re, Fairfax, AXIS, Munich Re

A.M. Best Co. has assigned a debt rating of “a+” to the recently issued CHF 320 million [$350 million] 7.25 percent perpetual subordinated notes with a stock settlement issued by Swiss Reinsurance Company Ltd., and has assigned a stable outlook. …

AXIS Estimates Thai Flood Losses at $48 Million; Updates 2011 Loss Estimates

Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance, taxes and reinstatement premiums. AXIS also updated …

AXIS Appoints Smith CEO, Country Manager of Australian Operations

Bermuda-based AXIS Capital Holdings Limited announced that it has appointed David Smith as CEO and Country Manager of Australian Operations. He is based in Sydney and reports to Mark Gregory, CEO International Division, AXIS Insurance, who welcomed Smith to AXIS, …

Charman to Retire as AXIS CEO, President; Benchimol Chosen as Successor

AXIS Capital Holdings announced that John R. Charman will retire as CEO and President effective May 3, 2012, the date of the Company’s 2012 Annual General Meeting of Shareholders. He was the principle founder of the company in 2001. Albert …

Third Quarter Earnings Reports: Alterra Capital, AXIS Capital, XL Group

Alterra Capital: Q3 2011 Q3 2010 Gross premiums written $386.33 mn $325.21 mn 9 months — 2011 2010 $1.578 bn $1.095 bn Net premiums earned —- $347.04 mn $342.43 mn 9 months – 2011 2010 $1.0758 bn $829.93 mn Net …

Axis Global A&H Names Cañellas Business Development Manager – Int’l.

AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited, announced from its London office that Jamie Cañellas has joined the division as Senior Vice President and Business Development Manager for its International operations. He will be seeking …

AXIS Puts Q2 Cat Losses at $90-$105 Million; Updates Q1 Estimates

Bermuda-based AXIS Capital Holdings Limited has estimated that the total net financial impact of the June 2011 aftershock in New Zealand and the series of severe weather events that occurred in the U.S. in April and May 2011 are expected …