Charman to quit Axis over divorce proceedings
Axis Capital Holdings has reported net income of $90.1m for the year ended December 31, 2005, compared with net income of $495m for the year ended December 31, 2004. The company also revealed chief executive and president, John Charman, would retire in 2008 as a result of his pending divorce proceedings.
Net income available to common shareholders for the quarter ended December 31, 2005 was $233.5m, compared with net income of $181.1m, for the quarter ended December 31, 2004.
The decrease in the 2005
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