Axis Capital
Novae and Axis boards give acquisition the green light
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.
Novae makes £14m loss before tax in H1
In its first set of results since being acquired by Axis, Novae has revealed that its combined operating ratio deteriorated 5.9% over the past year, from 95.7% to 101.6% in H1 2017.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Media, technology and cyber MGA Nirvana launches
Former Axis Capital London media and technology manager Rob Jones has launched a managing general agent targeting media, technology and cyber liability risks.
Axis to take £41m Ogden rate hit
Specialty insurer and reinsurer Axis Capital will take a £41m hit from the reduction in the Ogden discount rate.
Axis appoints Brown to lead London PL and MGA growth
Axis has appointed Julian Brown to lead its London market professional lines managing general agency growth.
Axis profits fall 23% in 2016
Global (re)insurer Axis's after-tax profits fell 23% in 2016 to $465m (£367m) from $602m the previous year.
Roundtable: Health and cyber crime: Cyber crime against the healthcare sector
With cyber crime the fastest growing criminal activity in the world, attacks on healthcare providers are becoming more prevalent. Post, in association with Kennedys, hosted a roundtable to find out the scale of the threat – and what the industry can do…
Axis buys aviation specialist Aviabel
Bermuda-headquartered specialty (re)insurer Axis has reached an agreement to buy Brussels and Amsterdam based (re)insurer Aviabel.
Axis Capital axes retail division in Australia
Axis Capital has decided to close down its Australian retail insurance operations.
Partner Re agrees to Exor's $6.9bn all cash offer
Bermuda-based Partner Re has agreed to sell to Italian investment firm Exor after it made a $6.9bn (£4.4bn) all cash offer.
O'Sullivan joins Axis in Australia
Industry veteran Denis O'Sullivan has joined Axis Specialty Australia as senior property underwriter.
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
Exor bid raises doubts over £7.3bn Partner Re and Axis merger
The planned merger between Partner Re and Axis Capital could be dashed following a $6.4bn (£4.3bn) bid by Italian operation Exor to acquire the reinsurer.
Miranthis steps down as Partner Re's CEO
As a result of the proposed $11bn (£7.3bn) merger of Axis Capital and Partner Re, Partner Re's CEO Costas Miranthis has stepped down after four years in charge.
Axis Capital and Partner Re agree £7.3bn merger
Axis Capital and Partner Re have agreed terms on a £7.3bn ($11bn) merger to create one of the largest reinsurers in the world.
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
Asta to manage new Axis Capital backed Lloyd’s syndicate
The Lloyd’s Franchise Board has granted approval in principle for Asta Managing Agency to establish and manage a new corporate syndicate backed by Axis Capital Holdings.
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Axis Capital sees S&P A+ affirmed
Bermudian insurer Axis Capital has been backed by Standard & Poors, seeing its ratings affirmed.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Former Axis chairman could start Asian insurer
Axis Capital founder John Charman is planning to return to the insurance industry, possible through the creation of an Asian insurance company.
'Unresolvable differences' forces Axis Capital chairman to step down
Bermudian reinsurer Axis Capital's non-executive chairman, John Charman has stepped down after he was unable to "resolve differences" with the board of directors over "his understanding of the role and responsibilities of the chairman position".