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Axis Capital

Reinsurance

PartnerRe and Axis seek tax ruling certainty

Would-be merger partners Axis Capital and PartnerRe yesterday said their deal was better than a rival bid for PartnerRe by Italian investment giant Exor. A joint statement by the two Bermuda-based companies said that their $11 billion all-share trans...
Jul 23, 2015
Reinsurance

Axis and PartnerRe sweeten merger deal

Axis and PartnerRe have boosted the special dividend for PartnerRe’s common shareholders to $17.50 if they back a merger deal. And the two firms also pledged to match an offer to preferred shareholders by Italian investment firm Exor, who have launch...
Jul 16, 2015
Reinsurance

Axis, PartnerRe issue profit estimates

Would-be merger partners Axis and PartnerRe yesterday both unveiled predicted financial results for the second quarter of the year. Axis said it expected to announce operating income of between $91 million and $97 million for the three-month period, ...
Jul 14, 2015
Other

Northlands Primary gets grant from Axis

Robotics, animation and chess are just some of the activities students at Northlands Primary have been enjoying thanks to a grant donated to the school by Axis Capital. Some 13 different enrichment clubs were created as a result of the $5,000 donati...
Jun 25, 2015
Reinsurance

Arch mulling bid for Axis, report claims

Reinsurance firm Arch is considering a $6.56 billion bid for rival firm Axis Capital, according to a UK newspaper report. Axis is locked in a two-way tussle with Italian investment firm Exor for control of another Bermuda-based reinsurer PartnerRe. S...
Jun 19, 2015
Reinsurance

Axis boss backs Bermuda on Solvency II

Bermuda is on track to get a seal of approval from the European Union, a top insurance figure said yesterday. Albert Benchimol, the CEO of Axis Capital Holdings, said Bermuda had earned the right to full equivalency with the EU under its Solvency II ...
Jun 11, 2015
Reinsurance

Exor reaching out to PartnerRe shareholders

Exor has filed a proxy statement with the US Securities and Exchange Commission (SEC) in an effort to directly reach PartnerRe shareholders ahead of next month’s vote on the proposed merger deal between Axis and PartnerRe. And the investment firm, wh...
Jun 03, 2015
Reinsurance

On-Island vote on merger for shareholders

Axis and PartnerRe shareholders will next month get the chance to vote on the proposed merger of the two firms. Shareholders of both firms will meet at the same time on Friday, July 24 in Bermuda to back the shares-only deal — or voice support for a ...
Jun 02, 2015
Reinsurance

PartnerRe-Axis merger clears Euro hurdle

The European Commission has cleared the proposed merger between Axis and PartnerRe. The Commission said the deal did not breach European antitrust regulations — the last competition-related hurdle the two reinsurance firms had to clear. A statement f...
May 27, 2015
Reinsurance

CEO: Future bright for Axis, come what may

Axis Capital Holdings Ltd will remain a strong company — regardless of whether its planned merger with PartnerRe goes through — the firm’s chief executive officer told employees yesterday. In a memo to all Axis staff, CEO Albert Benchimol said Axis r...
May 21, 2015
Reinsurance

Axis won’t raise PartnerRe offer – report

Bermuda insurer and reinsurer Axis Capital Holdings Ltd is not considering improving on its offer for Bermuda-based reinsurer PartnerRe Ltd after rival bidder Exor’s raised $6.8 billion bid, according to a report by Reuters. The report cites a a sou...
May 20, 2015
Reinsurance

Axis profit rises $19m

Axis today reported a jump in first-quarter profits by $19 million to $156 million. The take for the first three months of 2015 compared to a figure of $137 million for the same period last year. The figures are equivalent to $1.54 per common share, ...
Apr 29, 2015
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