Axis Capital
People moves - 19 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 19 May 2011 edition of Post.
Duo joins Axis accident & health business
Axis Global Accident & Health, a division of Axis Capital has made two senior additions to its London-based international operation.
AM Best affirms Axis ‘A’ rating
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of Axis Specialty and its operating affiliates.
Report finds "convergence" between Lloyd's and Bermuda markets
Lloyd’s and Bermuda represent distinct and different approaches to underwriting, but that their work practices and risk evaluation methods are showing signs of convergence.
Axis expands accident & health team
Axis Global Accident & Health, a division of Axis Capital Holdings has appointed Giles Allen as senior vice president, international accident & health insurance operation Global Accident & Health.
Bermuda: Island of the giants
In the wake of the deal between Max Capital and Harbor Point, Seb Kafetz looks at whether bigger is really better in Bermuda.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
Axis reports drop in net income
Axis Capital has reported a first quarter net income available to common shareholders of $112m, compared with net income of $116m for the first quarter of 2009 as a result of catastrophe losses.
Bermuda insurers on slip for US oil rig explosion - sources
Ace, Axis Capital and Lancashire are all on the slip for the US oil rig which exploded in Louisiana earlier this week, according to Reinsurance sources.
Rowell suspends Lloyd's start-up plans
Former Beazley boss Johnny Rowell has postponed plans to re-enter the market with a Lloyd’s syndicate start-up.
Axis releases $500m of Senior Notes
Net proceeds for the offering to be used for “general corporate purposes.”
Bermuda: Beware reliance on ERM models
John Molbeck, president and CEO of HCC Insurance Holdings warned delegates at the World Insurance Forum this week that (re)insurers should be wary when using models as part of their enterprise risk management strategy.
Axis grabs senior staff from GCube to start renewable energy team
Axis Capital has started a renewable energy insurance team, the company said in a statement.
Axis Capital shows profit improvement
Axis Capital, the Bermudian (re)insurer, said that results for the fourth quarter and the year improved.
Axis grabs health underwriter from Endurance
Art Bocek moves from Endurance to Axis Capital.
CFC appoints Janine Eagles as media underwriter
Ms Eagles joins from Axis Capital to establish new media division.
BTA collapse may cost market up to $500m - sources
Collapse of Kazhakstan bank could cost the market losses of $500m, sources have told Reinsurance.
Axis stumbles
Insurance derivative contract hampers Bermudian's third quarter progress
Axis expects $136m life derivative hit
Bermudian reinsurer Axis Capital said that it expeects to lose $136m on a longevity risk derivative contract, which will be reported in the third quarter's results.
Housley joins new Rowell syndicate
Former Axis specialty chief joins Johnny Rowell's new syndicate, Reinsurance has learned.
Collapsed bank to trigger credit insurance losses at Hannover, Axis
Hannover Re and Axis Capital potentially on end of credit insurance losses stemming from collapse of Kazakh bank BTA.