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AXIS Capital Holdings Ltd (AXS.N)

AXS.N on New York Stock Exchange

51.71USD
17 Nov 2017
Change (% chg)

$0.07 (+0.14%)
Prev Close
$51.64
Open
$51.45
Day's High
$51.79
Day's Low
$51.22
Volume
162,606
Avg. Vol
180,300
52-wk High
$71.05
52-wk Low
$51.22

Latest Key Developments (Source: Significant Developments)

Axis Capital says reports quarterly loss of $‍5.61 per share​
Wednesday, 25 Oct 2017 07:52pm EDT 

Oct 25 (Reuters) - Axis Capital Holdings Ltd - :Axis Capital reports third quarter 2017 results.Axis Capital Holdings Ltd qtrly loss per share $‍5.61​.Axis capital holdings ltd qtrly adjusted loss per share $‍5.35​.Qtrly ‍diluted book value per common share of $55.33​.Axis capital holdings ltd qtrly ‍net premiums earned increased by 9% (10% on a constant currency basis) to $1 billion​.Qtrly ‍combined ratio of 152.9%, compared to 92.6%​.Axis capital holdings qtrly ‍estimated catastrophe & weather-related pre-tax net losses, net of reinstatement premiums, of $617 million compared to $22 million​.  Full Article

Axis Capital acquires shares of Novae Group PLC
Monday, 2 Oct 2017 05:44am EDT 

Oct 2 (Reuters) - Axis Capital Holdings Ltd :Axis Capital acquires the shares of Novae Group PLC.Axis Capital Holdings Ltd - deal for ‍of 715 pence per share​.Axis Capital Holdings Ltd - transaction has received regulatory approval from prudential regulation authority, financial conduct authority.Axis Capital Holdings - ‍expects to secure management control of Novae, and to begin integration of combined businesses, no later than October 18, 2017​.  Full Article

Novae says PRA, FCA unconditionally approve AXIS Capital offer for co
Tuesday, 19 Sep 2017 09:28am EDT 

Sept 19 (Reuters) - Novae Group Plc :‍PRUDENTIAL REGULATION AUTHORITY AND FINANCIAL CONDUCT AUTHORITY HAVE BOTH GIVEN NOTICE OF THEIR UNCONDITIONAL APPROVAL OF ACQUISITION BY AXIS​.‍LLOYD'S OF LONDON HAS GIVEN ITS CONSENT IN WRITING TO ACQUISITION BY AXIS​.BERMUDA MONETARY AUTHORITY HAS GIVEN WRITTEN NOTICE THAT IT HAS NO OBJECTION TO ACQUISITION.ACQUISITION IS CURRENTLY BEING REVIEWED BY EUROPEAN COMMISSION UNDER SIMPLIFIED PROCEDURE.SCHEME ALSO REQUIRES SANCTION OF COURT AT COURT HEARING, WHICH IS EXPECTED TO TAKE PLACE IN Q4 OF 2017.  Full Article

Novae shareholders back Axis deal
Tuesday, 29 Aug 2017 08:27am EDT 

Aug 29 (Reuters) - Novae Group Plc :REQUISITE MAJORITY OF SCHEME SHAREHOLDERS VOTED TO APPROVE SCHEME FOR AXIS DEAL AT COURT MEETING.REQUISITE MAJORITY OF NOVAE SHAREHOLDERS VOTED TO PASS SPECIAL RESOLUTION FOR AXIS DEAL TO IMPLEMENT SCHEME.  Full Article

Axis Capital Q2 earnings per share $1.01
Wednesday, 26 Jul 2017 04:15pm EDT 

July 26 (Reuters) - Axis Capital Holdings Ltd :Axis Capital reports second quarter 2017 results.Q2 non-GAAP operating earnings per share $1.31.Q2 earnings per share $1.01.Q2 earnings per share view $1.19 -- Thomson Reuters I/B/E/S.Axis Capital holdings ltd says diluted book value per common share growth of 3% in quarter and 5% for last twelve months, to $60.45.Axis Capital Holdings Ltd qtrly net premiums earned increased by 4% (5% on a constant currency basis) to $981 million.Qtrly ‍net premiums written decreased 5% to $956 million​.Axis Capital Holdings Ltd qtrly combined ratio of 97.6%, compared to 102.2%.  Full Article

Novae top shareholder Neptune says fair offer at least 5 or 6 pct higher than Axis bid
Thursday, 6 Jul 2017 10:30am EDT 

July 6 (Reuters) - Novae Group :Top shareholder neptune's mark martin and holly cassell say fair offer for novae nva.l would be at least 5 or 6 percent higher than axis capital's axs.n offer.Top shareholder neptune's mark martin says of axis axs.n offer "the buyer has approached at a period of short-term weakness in the share price".Top shareholder neptune's mark martin says "i wonder whether there may be other outfits, in private equity or other corporate entities, who may be looking at the company".  Full Article

Axis Capital Holdings, ‍novae Group reach agreement on recommended cash offer
Wednesday, 5 Jul 2017 05:30pm EDT 

July 5 (Reuters) - Axis Capital Holdings Ltd -:Axis Capital Holdings-co, ‍novae group reached agreement on recommended all cash acquisition of entire issued and to be issued share capital of Novae by Axis.Axis Capital Holdings Ltd - cash consideration payable under acquisition will be funded from Axis's existing cash resources or from new borrowings.Axis Capital Holdings Ltd - ‍under terms of acquisition, each novae shareholder will be entitled to receive 700 pence in cash for each novae share ​.Axis Capital Holdings - Novae directors confirm they intend unanimously to recommend that novae shareholders vote to approve scheme at court meeting.Axis Capital Holdings Ltd - anticipated that Novae will be merged into international division of Axis's insurance segment.Axis Capital Holdings Ltd - co's intention to consider employees of both axis and novae to fill roles within enlarged group.  Full Article

Axis Capital to acquire Novae for $604 mln
Wednesday, 5 Jul 2017 05:30pm EDT 

July 5 (Reuters) - Novae Group Plc -:Global Specialty (re)Insurer Axis Capital announces acquisition of Novae.Axis Capital Holdings Ltd - deal for $604 million.Axis Capital Holdings Ltd - ‍novae CEO Matthew Fosh will be appointed company's executive chair, europe​.Axis Capital Holdings Ltd - following completion of transaction, novae ceo Matthew Fosh will be appointed company's executive chair, Europe.  Full Article

Axis Capital's Joseph Henry to retire as CFO
Wednesday, 10 May 2017 05:38pm EDT 

May 10 (Reuters) - Axis Capital Holdings Ltd ::Axis Capital -on May 4, 2017, Joseph Henry notified co of his intention to retire from position as CFO effective January 1, 2018.Axis Capital -Peter Vogt, who currently serves as Axis Insurance COO, will become CFO of company effective January 1, 2018.Axis Capital -Vogt will be appointed deputy CFO effective July 1, 2017 with transition to CFO to occur through end of year.  Full Article

AXIS Capital says Peter Vogt to be CFO
Wednesday, 10 May 2017 09:00am EDT 

May 10 (Reuters) - Axis Capital Holdings Ltd :Axis capital announces chief financial officer joseph henry to retire at year end; peter vogt will become cfo.Axis capital holdings ltd - announced that current axis insurance chief operating officer peter vogt will become cfo, effective january 1, 2018.Axis capital holdings ltd - vogt will be appointed deputy cfo in july with transition process to occur through end of year.Axis capital holdings ltd - following his retirement, henry will continue to serve as an advisor to company.  Full Article