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Axis Capital

News Commercial LinesInsurance

Insurer CEOs react to hardening commercial market

February 13, 2019 by Greg Meckbach

The pace of the hardening market in commercial lines has come as a surprise to some executives at Canada’s largest property and casualty insurer. “We have seen a shift in commercial lines that is pretty abrupt in the past six

News InsuranceMGAs

The aftermath of ‘firm action’ in Lloyd’s market

February 8, 2019 by Greg Meckbach

Eight Lloyds syndicates have closed and some clients insured by the London market are seeing premiums increase four-fold, the head of a major Bermuda insurer suggests. “After some firm action by Lloyd’s in (2018), we saw the closure of eight

News AppointmentsInsurance

Insurer Axis Capital selects new chief agent for Canada

July 19, 2018 by Greg Meckbach

Bermuda insurer Axis Capital Holdings Ltd. has picked Brad Randell as its new chief agent in Canada. The appointment is subject to regulatory review, Axis said Thursday in a release. The previous chief agent in Canada for Axis – Darin

News InsuranceTechnology

Cyber response should not involve ‘running around panicking’

April 23, 2018 by Greg Meckbach

Clients buying cyber insurance can only be prepared for the risk of a computer security breach if senior executives practice beforehand, a commercial insurer executive told Canadian Underwriter Friday. Corporate clients need to hold “table top exercises,” meaning they gather

News InsuranceMarkets / CoveragesReinsuranceTechnology

New opportunities for commercial brokers in cyber

April 20, 2018 by Greg Meckbach

Brokers selling commercial insurance need to ask clients what they use their computers for and what happens if they lose access to that data, an executive with a Bermuda insurer says. Computer security (also known as cyber) risk, “will impact

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Axis Capital records Q3 combined ratio of 156.9%, $617 million in cat losses

October 31, 2017 by Canadian Underwriter

Axis Capital Holdings Ltd. has had a 60-point deterioration in its third-quarter combined ratio, with US$576 million in pre-tax net losses, net of reinstatement premiums from three hurricanes alone, the Bermuda-based insurer announced. Pembroke, Bermuda-based Axis Capital, which has a

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio down 4.6 points at Axis Capital

July 28, 2017 by Canadian Underwriter

Axis Capital Holdings Ltd. reported Wednesday a 4.6-point improvement in its Q2 combined ratio, from 102.2% in the second quarter of 2016 to 97.6% in the latest quarter. Pembroke, Bermuda-based Axis Capital writes both reinsurance and commercial primary insurance worldwide

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

AXIS Capital reports net income of US$131 million for Q4 2016

February 6, 2017 by Canadian Underwriter

Pembroke, Bermuda-based AXIS Capital Holdings Limited has reported a net income available to common shareholders for the fourth quarter of 2016 of US$131 million, comparable to a net income of US$135 million for the fourth quarter of 2015. Net income

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio down 4 points at Axis Capital

October 27, 2016 by Canadian Underwriter

Axis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%. Pembroke, Bermuda-based Axis Capital reported net premiums earned of

News CatastrophesInsuranceMergers and Aqcuisitions

AXIS Capital estimates US$104 million in Q2 2016 losses from weather and cat events, including Fort McMurray wildfire

July 19, 2016 by Canadian Underwriter

Pembroke, Bermuda-based AXIS Capital Holdings Limited announced on Monday its preliminary estimate of second quarter 2016 catastrophe and weather-related losses, including major losses from the Fort McMurray wildfire. AXIS Capital’s preliminary estimate of Q2 2016 cat and weather-related pre-tax losses

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Gross written premiums up 16% at Axis Capital

April 27, 2016 by Canadian Underwriter

Axis Capital Holdings Ltd. reported Wednesday a 91% year-over-year increase in first-quarter gross written premiums in aviation insurance and a 19.7% drop in marine premiums, while its combined ratio improved 1.8 points. Pembroke, Bermuda-based Axis Capital released its financial results