Axis

Barbican launches Bermuda platform with former Novae team

Lloyd’s insurer Barbican has developed a Bermuda platform to source property business for its Syndicate 1955 staffed by former Novae underwriters.

Enstar snags $1.1bn Novae legacy book

Enstar has won a bidding war to take on Novae’s £840mnn ($1.1bn) legacy book, the company announced today (29 January).

California regulator threatens profits cap only months after $12bn+ wildfire losses

Despite US and global (re)insurers facing a loss bill of over $12bn from the fourth quarter California wildfires, the populist state insurance commissioner Dave Jones (pic) has today (23 January) threatened to cap profits for state regulated insurers.

Six themes to watch for during the Q4 results season

After a loss-plagued autumn which has raised hopes of finally bringing much-needed change (from a carrier perspective) to the (re)insurance market dynamics, all eyes now turn to the Q4 and full-year 2017 results season which begins in earnest today with US insurance heavyweight Travelers (see table).

Axis A&H boss to depart amid restructure

Chris DiSipio, who heads up accident and health (A&H) for Axis, is set to leave the firm as part of a company-wide restructure as the Bermudian clears the way to integrate Novae.

Q4 losses - two steps forward, one step back

In the past week, the gap between disclosed and anticipated industry losses has had a ‘two steps forward and one step back’ feel to it as more carriers published revised fourth quarter loss numbers.

Axis: 4Q California fires to cost $92mn

Axis Capital has said today (17 January) that catastrophe losses from the fourth quarter are likely to cost the firm $130mn.

Axis Capital gets the go-ahead to merge Lloyd’s managing agencies

Axis Capital has received approval to create a single managing agent structure for its operations at Lloyd’s following the acquisition of Novae last year.

Axis hires Swiss Re’s Arora to lead $2.2bn reinsurance arm

Axis Capital has hired long-serving Swiss Re executive Steve Arora to become head of its $2.2bn reinsurance arm, Axis Re, following the departure of Jay Nichols earlier this year.

Novae CEO tells shareholders to look to dividend of Axis deal

Novae Group plc CEO Matthew Fosh has said the company’s interims need to be taken in context as they posted a £14 million pre-tax loss for the first half of the year.

Novae CEO tells shareholders to look to dividend of Axis deal

Novae Group plc CEO Matthew Fosh has said the company’s interims need to be taken in context as they posted a £14 million pre-tax loss for the first half of the year.