AXIS

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

Retrieved on: 
Thursday, February 29, 2024

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 Names Stephen Lord as Global Chief Information Officer; Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate

Retrieved on: 
Wednesday, February 28, 2024

AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer (CIO) and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate.

Key Points: 
  • AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer (CIO) and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate.
  • As Global CIO, Mr. Lord will report directly to Mr. Tizzio and serve on the Company’s Executive Committee.
  • He joins AXIS from The Hartford where his most recent role was CIO, Global Specialty, Corporate Systems, HIMCO, and Enterprise Architecture.
  • Mr. Barriero joins AXIS in the newly created role of Global Head of Strategic Sourcing and Corporate Real Estate, and will report to Chief Administrative and Legal Officer Conrad Brooks.

AXIS Capital Declares Quarterly Dividends

Retrieved on: 
Thursday, February 22, 2024

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 Initiates a Strategic Review

Retrieved on: 
Tuesday, February 20, 2024

Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a fintech lender changing the way Canadians finance used vehicles, announces that it has initiated a review of strategic alternatives to maximize shareholder value and in connection therewith has formed a special committee of independent directors (the "Special Committee") to oversee this process.

Key Points: 
  • Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a fintech lender changing the way Canadians finance used vehicles, announces that it has initiated a review of strategic alternatives to maximize shareholder value and in connection therewith has formed a special committee of independent directors (the "Special Committee") to oversee this process.
  • In response to incoming expressions of interest, Axis through the Special Committee, will evaluate a range of alternatives to determine the best path forward to maximize value for shareholders.
  • The Board has not set a timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time.
  • There can be no assurance that the strategic review and the preliminary non-binding discussions will result in any binding offer or any other transaction, or of the pricing of any such possible transaction.

Axis Reports Q2 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a financial technology company changing the way Canadians purchase and finance used vehicles, today announced financial results for the second quarter of fiscal 2024 ending December 31, 2023.

Key Points: 
  • Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a financial technology company changing the way Canadians purchase and finance used vehicles, today announced financial results for the second quarter of fiscal 2024 ending December 31, 2023.
  • The $8.2 million in second quarter automotive loan originations were entirely owned and on balance sheet, as Axis did not originate any near prime volumes managed for Westlake Financial Services (“Westlake”).
  • Equipment finance origination volumes in the quarter were $28.2 million, a 3.4% increase from $27.3 million in the comparable quarter of 2023.
  • Revenues for the quarter were $11.1 million, an increase of 4.1% from the second quarter of prior year.

AXIS-Y Marks a Remarkable 95% Sales Growth: Leading the Way in K-Beauty Innovation

Retrieved on: 
Tuesday, February 6, 2024

This milestone underscores the brand's formidable presence in the global beauty market and its successful blend of cutting-edge skincare technology with broad international appeal.

Key Points: 
  • This milestone underscores the brand's formidable presence in the global beauty market and its successful blend of cutting-edge skincare technology with broad international appeal.
  • Strategic Global Partnerships Fuel Market Dominance:
    At the heart of AXIS-Y's triumph are its strategic alliances across the globe.
  • With its products gracing over 1,200 Watsons stores internationally, the brand's universal charm and market reach are unmistakable.
  • Dive into our world of innovative products and become a part of a community that values diversity, innovation, and sustainable beauty practices.

Axis Products With AXIS OS 11 Now Support IEEE 802.1AE MACsec, Significantly Enhancing Security in Zero-Trust Networks

Retrieved on: 
Thursday, February 1, 2024

Axis becomes the first manufacturer of physical security products to support MACsec (Media Access Control Security), underscoring the company’s ongoing commitment to both device and data security.

Key Points: 
  • Axis becomes the first manufacturer of physical security products to support MACsec (Media Access Control Security), underscoring the company’s ongoing commitment to both device and data security.
  • Secure onboarding of an Axis device can be done through IEEE 802.1X EAP-TLS port-based network access control, in combination with an Axis device’s support for IEEE 802.1AR.
  • IEEE 802.1AR is part of the Axis Edge Vault cybersecurity platform and enables automatic authentication in an IEEE 802.1X network.
  • For more information on IEEE 802.1AE MACsec, please visit the Axis solutions page for enterprise IT or the AXIS OS knowledge base .

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

Retrieved on: 
Tuesday, January 23, 2024

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.

Refract Technologies unveils AXIS Lite, the newest VR accessory for gamers and creators

Retrieved on: 
Thursday, January 25, 2024

SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Refract Technologies today unveils the newest addition to its roster - AXIS Lite. To celebrate its reveal, Refract is opening up global pre-sale orders on 8 February ahead of its late Spring launch, allowing VR enthusiasts and gamers to secure the latest piece of immersive technology.

Key Points: 
  • The all-new four-node motion tracker, AXIS Lite, is available globally to pre-order starting 8 February 2024 and will ship in May 2024
    SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Refract Technologies today unveils the newest addition to its roster - AXIS Lite.
  • AXIS Lite tracks real-time lower body movement in addition to the upper body tracking typical of VR headsets and controllers, allowing for full-body immersion in VR.
  • The technology was created especially for consumers looking to take their VR gaming experiences to the next level with ease.
  • "At Refract, we believe VR has legs", said Michael Chng, Co-CEO of Refract Technologies.

Arrive Home President Tai Christensen Named Chair of California MBA’s Diversity, Equity & Inclusion Committee

Retrieved on: 
Thursday, January 11, 2024

The California Mortgage Bankers Association has named Tai Christensen, President of national affordable housing program Arrive Home , Chair of its Diversity, Equity & Inclusion Committee.

Key Points: 
  • The California Mortgage Bankers Association has named Tai Christensen, President of national affordable housing program Arrive Home , Chair of its Diversity, Equity & Inclusion Committee.
  • Christensen will share the role with Stephanie Whittenberg, who is Vice-Chair of the Committee.
  • “I am excited to continue to assist the CMBA’s efforts to promote diversity in the mortgage industry,” Christensen said.
  • “I am looking forward to working with Tai to advance the California MBA’s DE&I efforts,” said Whittenberg.