Moody’s goes negative on Axis outlookMoody’s has revised its ratings outlook of Axis Capital Holdings to negative from stable reflecting the Bermudians lower capitalization and higher operating and financial leverage relative to peers.
Axis promotes Helen O’Sullivan to lead Irish subsidiariesAxis has appointed Helen O’Sullivan as CEO of Axis Specialty Europe SE and Axis Re SE.
Tokio Marine Kiln taps Axis for CFO as Dover departsTokio Marine Kiln has appointed Reeken Patel chief financial officer.
Barbican launches Bermuda platform with former Novae teamLloyd’s insurer Barbican has developed a Bermuda platform to source property business for its Syndicate 1955 staffed by former Novae underwriters.
Axis A&H boss to depart amid restructureChris 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 backIn 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.
Novae CEO tells shareholders to look to dividend of Axis dealNovae 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 dealNovae 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.