AXIS Capital

AXIS Capital Announces Publication of the Company's 2023 Loss Development Triangles

Retrieved on: 
Monday, March 25, 2024
Professional Services, Insurance, Finance, AXS, AXIS, AXIS Capital

AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced the publication of the Company's 2023 Loss Development Triangles.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced the publication of the Company's 2023 Loss Development Triangles.
  • A copy of this document is available in the Investor Information section of the Company's website, www.axiscapital.com .
  • The data is presented as of December 31, 2023, on an accident-year basis and includes paid, incurred and ultimate losses, net of reinsurance, and is provided for the 15 lines of business that fall under the Company's two reportable segments, Insurance and Reinsurance.

AXIS Appoints W. Marston Becker as Chair-Elect of Board of Directors

Retrieved on: 
Thursday, February 29, 2024
Fintech, Professional Services, Insurance, Finance, AXS, AXIS, AXIS Capital, Becker, Chair, Management

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors.
  • The transition will take place in May of 2024, timed to the Company’s Annual General Meeting.
  • “There is no better individual to succeed me as Chair of the AXIS Board of Directors than Marty Becker.
  • His guidance as Chair will be integral as AXIS takes further steps forward in realizing its ambition to achieve specialty leadership.”
    Mr. Becker, who joined the AXIS Board of Directors in June of 2020, has led a distinguished career in the (re)insurance industry spanning four decades.

AXIS Capital Declares Quarterly Dividends

Retrieved on: 
Thursday, February 22, 2024
Insurance, Professional Services, AXS, AXIS, AXIS Capital

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 18, 2024 to shareholders of record at the close of business on March 4, 2024.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 18, 2024 to shareholders of record at the close of business on March 4, 2024.
  • In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on April 18, 2024 to shareholders of record at the close of business on March 4, 2024.

AXIS Capital Announces Preliminary 2023 Full-Year Financial Results and Conclusion of Reserve Review

Retrieved on: 
Tuesday, January 23, 2024
Professional Services, Insurance, Finance, AXS, AXIS Capital, EST, Webcast, AXIS, Cryptocurrency

AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced preliminary financial results for the year ended December 31, 2023, and the conclusion of its previously announced review of prior year reserves.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced preliminary financial results for the year ended December 31, 2023, and the conclusion of its previously announced review of prior year reserves.
  • AXIS expects to release financial results for the year ended December 31, 2023 on January 31, 2024, after the close of the financial markets, as previously announced.
  • Commenting on the 2023 financial results, Vince Tizzio, President and CEO of AXIS Capital, said:
    "AXIS delivered strong underlying performance in 2023 and we believe the Company is on a clear trajectory to becoming a specialty underwriting leader.
  • We will host a conference call on Tuesday, January 23, 2024 at 5:00 p.m. (EST) to discuss our preliminary 2023 financial results.

DHS Makes Full Acquisition of Carolco Enterprises for $745M: Fernando Aguirre, Vice Chairman of DHS Ventures & Holdings Announced

Retrieved on: 
Tuesday, November 14, 2023
Terminator 2: Judgment Day, Basic Instinct, Acquisition, Economic Times, Tristar, AXIS Capital, Film, Stargate, Instinct, Carolco Pictures, Holding, Merrill (company), Film industry

WASHINGTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The leadership of DHS Ventures & Holdings announced today that it will acquire Carolco Enterprises from AXIS Capital, the merchant banking arm of Merrill Lynch.

Key Points: 
  • WASHINGTON, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The leadership of DHS Ventures & Holdings announced today that it will acquire Carolco Enterprises from AXIS Capital, the merchant banking arm of Merrill Lynch.
  • DHS Ventures & Holdings has bought all rights through its associates Bellinger & Sons, Thai Company Limited along with ISK Investment, a DHS Ventures group company.
  • Carolco Enterprises, which the DHS Ventures & Holdings regards as a core business, is part of the defunct Carolco Pictures that went under in 1975.
  • “We are thrilled to have acquired Carolco Enterprises which is such a part of Americana and a legacy aspects of motion pictures in the U.S., such a standard in quality of film and movies,” Fernando Aguirre, Vice Chairman of DHS Ventures & Holdings stated.

AXIS Capital Declares Quarterly Dividends

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Insurance, Finance, AXS, AXIS Capital, AXIS, NYSE, Holding company

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 18, 2024 to shareholders of record at the close of business on December 29, 2023.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 18, 2024 to shareholders of record at the close of business on December 29, 2023.
  • In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on January 18, 2024 to shareholders of record at the close of business on December 29, 2023.
  • AXIS Capital also announced that its Board of Directors has renewed its authorization for the repurchase of up to $100 million of the Company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2024.
  • The timing and amount of the repurchases will depend on a variety of factors, including market, corporate and regulatory conditions.

Reserv Raises $20M Series A Co-Led By Altai Ventures and Bain Capital Ventures (BCV) to Accelerate Already-Rapid Growth

Retrieved on: 
Tuesday, October 3, 2023
Insurance, Software as a service, LLM, Policy, BCV, Arch Capital Group, Mga offensive, Data analysis, Anthemis, Anomaly, ARR, Bain Capital Ventures, AXIS Capital, MGA, Growth, AI, TPA, Airline, Cryptocurrency, Computer reservation system

NEW YORK, Oct. 3, 2023 /PRNewswire-PRWeb/ -- Reserv, the leader in AI-driven insurance claims processing, announced today the close of its $20M Series A round of financing to expand its generative AI claims data analysis tools. This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group. With Reserv, customers are seeing a sustained reduction in cycle times for property claims and auto claims in the magnitude of 1.6x to 2.6x, and this funding will enable the company to extend these results to additional customers.

Key Points: 
  • This latest funding round was co-led by Altai Ventures and Bain Capital Ventures (BCV) with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Ventures and Arch Capital Group.
  • Reserv helps managing general agents (MGAs) and insurance carriers improve claims handling and increase data availability for greater efficiency and accuracy.
  • "It is hard for an insurtech startup to build a modern TPA from scratch," said Oleg Ilichev, Managing Partner at Altai Ventures.
  • Reserv is licensed and live across the US and the UK for all non-workers compensation property and casualty claims.

Axis Capital and Stone Point Credit Launch Monarch Point Re

Retrieved on: 
Friday, September 29, 2023
Professional Services, Insurance, Finance, AXS, Risk management, Stone Point, AXIS Capital, Monarch, AXIS, Credit, NYSE, Reinsurance, Management

AXIS Capital Holdings Limited (NYSE: AXS) (“AXIS Capital” or “AXIS” or the “Company”) together with its direct and indirect subsidiaries and branches announced today that it has partnered with Stone Point Credit Adviser LLC (together with its credit-focused affiliates, “Stone Point Credit") to launch Monarch Point Re, a newly created collateralized reinsurer.

Key Points: 
  • AXIS Capital Holdings Limited (NYSE: AXS) (“AXIS Capital” or “AXIS” or the “Company”) together with its direct and indirect subsidiaries and branches announced today that it has partnered with Stone Point Credit Adviser LLC (together with its credit-focused affiliates, “Stone Point Credit") to launch Monarch Point Re, a newly created collateralized reinsurer.
  • The launch was accompanied by a capital raise of over $400 million of equity, including a $75 million equity investment from a subsidiary of AXIS Capital and a $75 million equity investment from Stone Point Credit.
  • Stone Point Credit will serve as Monarch Point Re’s exclusive investment manager and expects to invest in a diversified portfolio of corporate credit.
  • “Moreover, in Stone Point Credit, we are partnering with an exceptional investment manager, which aligns with our alternative capital strategy of matching the right risk with the right capital.”
    “We are excited to partner with AXIS to launch Monarch Point Re and bring together the expertise of the two firms,” said Jim Carey, President of Stone Point.

First Minority-Owned Wholesale Insurance Broker Secures WSIA Membership

Retrieved on: 
Thursday, September 28, 2023
Insurance, Corporate America, Business development, Education, History, Movement, MWBE, Certification, DE, Head, AXIS Capital, MBE, Management, Embrace, WSIA

NEW YORK, Sept. 28, 2023 /PRNewswire/ -- MBE certified Embrace Partners, Inc. ("Embrace"), a tech-driven wholesale property casualty insurance broker, managing general underwriter, and consulting firm focused on DE&I in construction and insurance, made history today announcing that they have secured membership in the prestigious Wholesale Specialty Insurance Association (WSIA).

Key Points: 
  • NEW YORK, Sept. 28, 2023 /PRNewswire/ -- MBE certified Embrace Partners, Inc. ("Embrace"), a tech-driven wholesale property casualty insurance broker, managing general underwriter, and consulting firm focused on DE&I in construction and insurance, made history today announcing that they have secured membership in the prestigious Wholesale Specialty Insurance Association (WSIA).
  • Liz Duncan-Gilmour, Chief Strategy Officer for Embrace discussed the importance of Embrace's membership in WSIA: "The Embrace induction to WSIA marks a major step toward making the insurance industry more inclusive.
  • The WSIA is a world-class member service organization representing the entirety of the wholesale, specialty, and surplus lines industry.
  • WSIA Membership facilitates access to industry data, networking, education, and talent recruitment and development, positioning Embrace to compete head-on with other major national wholesale agencies.

AXIS Capital Declares Quarterly Dividends

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Insurance, Finance, AXS, AXIS Capital, AXIS, NYSE, Holding company, Security (finance)

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on October 18, 2023 to shareholders of record at the close of business on October 2, 2023.

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on October 18, 2023 to shareholders of record at the close of business on October 2, 2023.
  • In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on October 18, 2023 to shareholders of record at the close of business on October 2, 2023.