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Bermuda-based re/insurer Axis Capital Holdings Ltd surpassed Wall Street’s expectations in posting second-quarter net income of $191 million. Profit broke down to $1.79 per share, compared with $72 million, or 62 cents per share in the second quarter...

The Bermuda re/insurer said operating income for the quarter was $197 million compared with $201 million for the third quarter of 2012. Revenues increased to $1.04 billion from $1.02 billion last year. Analysts expected revenues of $707.45 million. ...

AM Best Co has announced they have upgraded the financial strength rating to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to ‘aa-’ from ‘a+’ of AXIS Specialty Limited (AXIS) and its operating affiliates. Concurrently, AM Best has ...

Bermuda-based Axis Capital Holdings reported a net loss of $19 million the fourth quarter of 2012, largely on Superstorm Sandy claims, but managed to beat analysts’ estimates by a dollar. While the company reported a loss of 16 cents per share for th...

Insurance industry veteran John Charman is considering leading a takeover of a Bermuda-based insurer with the intention of managing it and diversifying its business. In an exclusive interview with The Royal Gazette, Mr Charman said a buyout was one o...