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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 ...

Bermudian-based insurer and reinsurer Axis Capital Holdings is to buy back around $350 million of its preferred shares. The firm said yesterday it would redeem more than 14 million of its 6.875 per cent Series C preferred shares on April 17. The rede...

Axis Insurance has entered into an agreement with a renewable energy expert services company to give it greater insight into risks and opportunities in the renewable energy industry. There has been a relationship between Axis and The Renewables Consu...

Jay Nichols has resigned as chief executive officer of Axis Re “to take on new challenges”. He will remain with the Bermudian reinsurer in a “transitional role” until the end of March, the company announced today. Jan Ekberg, Axis Re Europe president...

Axis Capital Holdings Ltd shook off the impact of US weather-related catastrophes to post net income of $131 million in the fourth quarter. Operating income totalled $101 million, or $1.14 per share, comfortably beating the 87 cents per share consens...