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An offering totalling up to $350 million of senior notes has been launched by a subsidiary of Axis Capital Holdings Limited. The US dollar-denominated, ten-year, senior, unsecured notes from Axis Speciality Finance Plc are fully and unconditionally g...

Axis Capital Holdings Ltd tonight reported a third-quarter net loss of $468 million, as it dealt with hefty claims related to natural disasters. The Bermudian insurer and reinsurer estimated catastrophe pre-tax net losses at $617 million, resulting ...

Steve Arora has been named chief executive officer of AXIS Re. He has joined the company from Swiss Re, where he worked for 18 years in a variety of senior positions, most recently as head of casualty reinsurance and as a member of the reinsurance e...

Bermudian-based Axis Capital Holdings Ltd has completed its acquisition of Lloyd’s insurer Novae Group after the takeover received clearance from regulators including the European Commission. The acquisition creates a $2 billion insurer in London and...

Two Bermuda reinsurers estimated a combined $1.8 billion in pre-tax catastrophe losses for the third quarter. Hurricanes Harvey, Irma, and Maria, as well as two earthquakes in Mexico were among the natural disasters that led to Everest Re estimating ...

Novae has decided to close its US direct and facultative re/insurance operations in Bermuda. The news came as Bermudian insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae, a London-based carrier, confirmed the unit’...

A new report co-published by Axis Insurance, a business segment of Bermudian-based Axis Capital Holdings Ltd, examines challenges and opportunities in the $19 billion global energy storage market. It specifically looks at the fast-growing battery sto...

Bermudian-based Axis Capital Holdings has reported profits of $85 million for the second quarter, down $34 million on the same period last year. The figure is equal to $1.01 per common share, compared to the $1.29 per common share on the second quart...

Bermudian-based Axis is to set up its own Lloyd’s managing agency after winning approval from UK regulators. From next month, Axis Managing Agency will manage Axis syndicate 1686 at Lloyd’s in London. Mark Gregory, CEO of Axis Managing Agency and Axi...

Bermudian insurer Axis Capital Holdings announced tonight it is acquiring Lloyd’s of London insurer Novae for $604 million. Axis is paying 700p per share for the London-listed insurer — an approximately 20 per cent premium on today’s closing price. N...

Insurer and reinsurer Axis reported profits of $5 million for the first quarter of the year — down $33 million on the same period last year. The quarterly figure, equivalent to six cents per diluted share, compared to the 41 cents per diluted share r...

Axis Capital will ensure children across the island can attend the Agricultural Exhibition this week. The company is sponsoring all children on the island to attend the show on Friday as part of the Axis Kids Free on Friday initiative, which is part ...