Axis

Axis COO Strachan to depart in early 2020

Axis Capital’s chief operations officer Richard Strachan will leave the company early in 2020 after almost 18 years with the business.

Axis adds Dowling to board as Friedman and Keane retire

Axis Capital has appointed Anne Melissa Dowling to its board of directors, while Robert Friedman and Maurice Keane will retire effective 31 May 2020.

Former Axis FL underwriters land at AWAC and Beazley

Two underwriters from Axis’ London-based financial lines business – Benjamin Reed and Joanne Hayward – have taken on new roles at Allied World and Beazley respectively, The Insurer understands.

US P&C pressure migrating to Europe: Axis’ Wilson

As conditions continue to tighten in the casualty and property spheres, Axis Insurance CEO Peter Wilson told The Insurer that a hardening market in the US looks set to put pressure on the European and UK markets.

Axis’ Hagibis loss estimate points to $162mn 4Q cat bill: KBW

Axis Capital’s revelation that it expects to suffer pre-tax losses of between $90mn and $110mn from Typhoon Hagibis points to a fourth quarter catastrophe bill of $162mn for the Bermudian carrier, according to Keefe, Bruyette & Woods.

Axis' Fosh to relinquish executive role at year-end

Industry stalwart and Axis Capital executive chairman for Europe Matthew Fosh is to step away from executive leadership at the end of the year, The Insurer can reveal.

Axis pegs Hagibis loss at up to $110mn

Bermudian carrier Axis Capital has said it expects to suffer pre-tax losses stemming from Typhoon Hagibis in the range of $90mn to $110mn.

Demand surge could drive combined Faxai-Hagibis losses to $25bn

RenaissanceRe has warned interaction between Typhoons Faxai and Hagibis will exasperate demand surge and complicate claims adjusting.

Catastrophes push Axis to “disappointing” Q3 operating loss

Bermudian (re)insurer Axis Capital has reported a third quarter operating loss of $33mn – or a $0.39 loss per diluted common share – as catastrophe losses took their toll.

Axis backs away from coal and oil sands underwriting

Bermudian (re)insurer Axis Capital is to stop writing new primary insurance or facultative reinsurance cover for the construction of thermal coal plants or mines and their infrastructure or oil sands extraction and pipeline projects.

Axis estimates up to $175mn Q3 cat losses

Axis Capital has announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events of $150mn to $175mn, net of reinsurance and retrocessional recoveries.

Axis exits marine hull and open market power business

Bermudian (re)insurer Axis has exited the marine hull market in London and open power business written out of London, Singapore and its Miami offices, The Insurer can reveal.

Axis Re hires XL’s Smith to lead EMEA and LatAm property business

Axis Re has named Gino Smith head of property, overseeing the regions of Europe, the Middle East and Africa as well Latin America.

Markel hires ex-Axis exec Lecci to lead US professional E&O

John Lecci has been named a senior director of professional liability at Markel, heading the New York-based US professional errors and omissions team.

Axis Re names Swiss Re’s Busti as North America president

Axis Re has announced its new North America president is Jason Busti, who is the latest executive to join from Swiss Re.

Axis beats in Q2 as reinsurance business balloons

Bermudian carrier Axis beat the expectations of 11 analysts surveyed by MarketWatch to deliver an operating income of $137mn in the second quarter – or $1.62 per diluted common share – outstripping Wall Street estimates of $1.34 a share.

Axis hires Asta’s Godfrey for exposure management head

Axis Capital has appointed Alan Godfrey as head of group casualty and cyber exposure management, as the specialty insurer looks to develop a new exposure management function for non-natural catastrophe risks, The Insurer can reveal.

Axis Re Strategic Partners names Hands head of Australia

Axis Re, the reinsurance arm of Axis Capital Holdings, has named Robert Hands as a head of Australia and strategic account executive of Axis Re Strategic Partners.