AXIS Capital Holdings Limited
TypePublic
NYSE: AXS[1]
Russell 1000 Component
IndustryProperty & casualty insurance
Founded2001
HeadquartersBermuda
Key people
Albert Benchimol
(CEO)
Increase US$ 495.004 million (2012) [2]
Total assetsIncrease US$ 18.852 billion (2012)[2]
Total equityIncrease US$ 5.779  billion (2012)[2]
Websitewww.axiscapital.com

AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore.[3][4] The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance.[5] The reinsurance services include property, professional lines, credit and bond, and others.[6]

History

AXIS Capital Holdings Limited was founded in Pembroke, Bermuda in 2001.[7]

In February 2004, the company formed a healthcare unit providing professional liability insurance.[3]

In June 2015, AXIS and PartnerRe Ltd started a public campaign to convince shareholders of the positive aspects of a potential $13 billion merger between the two companies, with competition seen from Exor SpA, which bid $6.8 billion.[8]

In 2017 Axis Capital has completed its acquisition of Novae Group P.L.C and Aviabel S.A.[9]

In February 2020, AXIS Capital Holdings chairman of the board and co-founder Michael Butt announced his retirement after five decades in the insurance business. AXIS board member and lead independent director Henry B. Smith has been appointed as successor to the chairmanship post.[10]

Offices

Axis Capital has offices in New York, Alpharetta (US), Toronto, Halifax, Chicago, Champaign (IL, US), Bermuda, Dublin, Zurich, Paris, London (UK) and Singapore.

Managers

  • President & CEO - Vincent C. Tizzio[11]

References

  1. ↑ traded symbols
  2. 1 2 3 "Selected Financial Data".
  3. 1 2 "Axis Capital Holdings Limited: NYSE:AXS quotes & news - Google Finance".
  4. ↑ "AXIS Capital". Archived from the original on 26 February 2014. Retrieved 20 February 2014.
  5. ↑ "Specialty Insurance Solutions and Coverages - AXIS Capital".
  6. ↑ "AXIS Re - Reinsurance Solutions - AXIS Capital".
  7. ↑ "AXS Profile - Axis Capital Holdings Limited C Stock - Yahoo! Finance".
  8. ↑ Reuters PartnerRe and Axis launch deal charm offensive, Reuters, 1 June 2015
  9. ↑ "AXIS Capital to Acquire Shares of Novae Group PLC Following Consent of European Commission". Business Wire. 26 September 2017.
  10. ↑ Adriano, Lyle. "AXIS chairman and co-founder retires after five-decade career". Insurance Business. Retrieved 28 February 2020.
  11. ↑ "Board of Directors - About Us - Axis Capital".


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