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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 ...

Bermuda-based Axis Capital Holdings Ltd plans to cut 100 jobs from its global workforce — including a small number in Bermuda. The streamlining announced this morning by the insurer and reinsurer includes the closure of its Australian retail insuranc...

Reinsurance firm Axis Re has awarded speciality reinsurer of the year by a UK-based business magazine. The Hamilton company was given the award by Reactions at its North American awards dinner held in New York. Axis Re CEO Jay Nichols said: “This dis...

NEW YORK (Reuters) — Bermuda-based insurers may be among the bidders as US bank Wells Fargo & Co prepares to divest its crop insurance business, one of the biggest in the US. According to sources with knowledge of the matter, the bank has launched an...

Axis Capital failed in its bid to merge with rival PartnerRe after Italian investment firm Exor won a bidding war — but the firm is $315 million better off as a result of a massive break fee. The firm accepted defeat after PartnerRe’s board yesterday...

Two more proxy advisory firms have recommended PartnerRe shareholders to vote against a merger with Axis Capital. Proxy Mosaic said that a rival all-cash $6.8 billion bid by Italian investment firm Exor for PartnerRe “outweighs the potential upside i...