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Axis Capital Holdings Ltd is estimating second-quarter catastrophe and weather-related losses of $104 million. The Bermudian-based insurer and reinsurer said $71 million of the losses were related to catastrophes such as the Fort McMurray wildfires, ...

Axis Insurance has named a new executive vice-president of commercial management solutions. Mark Paccione, formerly a senior vice-president in the same specially for the company’s northeast region, will lead the Axis team responsible for commercial p...

A Bermudian start-up reinsurance firm has raised $600 million in capital. Harrington Re Reinsurance Holdings with its subsidiary Harrington Re has completed a capital raise of around $550 million of equity and $50 million of debt, including a $100 mi...

Axis Capital Holdings saw its profit fall to $38 million during the first three months of the year. That was $118 million less than it reported for the same period last year. However, the company increased its gross written premiums by 17 per cent to...

Insurer and reinsurer Axis is to move into the nursing home professional liability market. The company said that an ageing population meant the sector would increase in importance. Axis Healthcare, its specialist healthcare insurer, has hired two new...

Insurance and reinsurance company Axis Capital Holdings yesterday posted profits of $135 million for the final quarter of last year. The figure was down $29 million on the same time period in 2014. For the full year, the firm made a profit of $602 mi...

Bermuda-based Axis Capital Holdings Ltd has launched a new insurance policy to cover hospitals against deadly pandemics. The coverage — a first for the industry — will cover hospitals in US and Canada against major outbreaks of contagious diseases, i...

Axis is to open an office in Dubai, it was revealed yesterday. Axis Capital Holdings’ Axis Re SE has been licensed by the Dubai Financial Services Authority to open up shop in the emirate’s International Financial Centre. The new office will focus on...

Axis Capital Holdings Ltd will repurchase up to $750 million of its own shares by the end of next year. The Bermuda-based insurer and reinsurer also raised its quarterly dividend by 21 per cent to 35 cents per share — its twelfth consecutive annual d...

Bermuda-based Axis Capital’s Lloyd’s of London syndicate has won approval to open an underwriting division in China. The new Shanghai-based arm at Lloyd’s Insurance Company (China) will focus on treaty reinsurance business on the Lloyd’s China platfo...

Axis Capital Holdings yesterday reported net income of $248 million for the third quarter — down $31 million on the same quarter last year. The figure represents net income available to shareholders of $2.50 a share, compared to the $279 million and ...

Bermuda-based Axis Capital Holdings Ltd is to cut “a small number” of jobs at its Bermuda office as part of a global streamlining. But Albert Benchimol, the company’s chief executive officer, stressed yesterday that the insurer and reinsurer remains ...