AXIS Capital

SHOWING:

1 to 17 of 17 results
  

Sort By:

Search

Filter By:

Topics

Jurisdictions

Allegations

AXIS Surplus sued over Hurricane Gustav claim

November 2, 2009
A New Orleans based machine and cutting tool technology group is suing AXIS Surplus Insurance Company for allegedly failing to satisfy a claim arising from Hurricane Gustav in 2008.Dixie Mill Inc. and Dixie Mill Supply Co. Inc. filed a civil

Fidelity mutual fund group continues its ownership dominance in Bermuda market

July 9, 2008
Boston, Massachusetts-based mutual fund group Fidelity continues to be the biggest single investor — by a considerable margin — in the Bermuda insurance and reinsurance market.Fidelity owns at least 5% of the common shares of 10 of the 17 Bermuda-based companies publicly-listed in the United States that were included in an ownership review by InsideBermuda, based on filings with the U. S. Securities and Exchange Commission.

Tyson Foods seeks $113 m in Hurricane Katrina claims

September 10, 2007
Giant meat processor Tyson Foods, Inc. is seeking damages of more than $113 million in litigation and arbitrations against insurers in Bermuda and elsewhere for alleged property damage and business interruption losses caused by Hurricane Katrina on August 29, 2005.Details

AXIS subsidiary broke Katrina law, claims New Orleans university

September 7, 2006
A U. S. subsidiary of Bermuda based AXIS Capital Holdings Limited has been accused of illegally slashing flood insurance coverage for a New Orleans university in the wake of Hurricane Katrina.Axis Specialty Insurance Company, which is incorporated and based in

Fidelity increases investment in Bermuda insurance market

July 10, 2006
Mutual fund firm Fidelity has increased its position as the largest single investor group in the Bermuda insurance and reinsurance market.The Boston, Massachusetts-based group owns at least five per cent of the common shares of 12 of the 16 companies whose ownerships were reviewed by InsideBermuda, compared with eight of 14 companies in a similar review last year. As of June 30, 2006, Fidelity's total stake in the Bermuda market had a stock market value of approximately $5.6 billion.

Bermuda insurers well-positioned for 2006 [Just like they were for 2005!!!]

March 6, 2006
Property catastrophe reinsurer PXRE Group was the worst of the bunch as 15 Bermuda-based, publicly-listed insurers reported their - mostly horrendous - fourth quarter results to the SEC during February. Two-thirds of the firms reported net losses, while only two actually managed to make an underwriting profit, as opposed to relying on investment returns to compensate for a lack of underwriting success. Just about the only thing that many firms were successful at towards the end of 2005 was tapping into the seemingly endless supply of capital available to the industry.

John Charman seeks to keep wife away from Bermuda family trust

December 6, 2005
AXIS Capital CEO John Charman is taking legal action in the United Kingdom to prevent his estranged wife from obtaining information about a family trust fund she suspects is being used to conceal tens of millions of dollars, reported Reuters news agency on December 2.

Fidelity maintains position as ‘owner’ of Bermuda market

July 5, 2005
Fidelity - the largest mutual fund group in the United States - has maintained its position as the largest single investor group in the Bermuda insurance market.Fidelity owns at least five per cent of common shares in eight of the 14 Bermuda-based, publicly-listed insurers whose ownerships were reviewed by InsideBermuda. That is three more major investments than another Boston, Massachusetts-based fund group, Wellington Management, which was revealed as the second biggest ownership group in our review. Collectively, Fidelity's stakes have a market value of more than $2.7 billion, with Wellington just behind at $2.5 billion.

AXIS Capital boss tops shareholdings review at $182 m

June 5, 2005
AXIS Capital President and CEO John Charman is Bermuda's $182 million man, according to the latest review of own-company shareholdings that is conducted annually by InsideBermuda. That is the current market value of shares in AXIS that Charman beneficially owns, as reported by the firm in its most recent proxy statement filing with the SEC.

2004 Bermuda Insurance Market Compensation Review: Montpelier Re boss tops contemporaries with $15.3 m package

April 30, 2005
Stock option profits of $9.8 million helped make Anthony Taylor the best compensated officer of a Bermuda-based, publicly-listed insurer in 2004.The Chairman, President and CEO of property and casualty reinsurer Montpelier Re received a total package worth $15.3 million during the 12-month period, propelling him into top spot in InsideBermuda's compensation review, compared with 31st position a year earlier.

Arch Capital and AXIS Capital receive subpoenas

December 31, 2004
Arch Capital Group and AXIS Capital Holdings both reported in December that they had been issued with subpoenas as part of industry-wide investigations by various U. S. authorities.

AXIS Capital subpoenaed by Eliot Spitzer

August 31, 2004
AXIS Capital Holdings Ltd. has become the latest firm to be subpoenaed by New York State Attorney General Eliot Spitzer as part of an investigation into incentive commission agreements between insurers and brokers.