AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance through operating subsidiaries and branch networks based in Bermuda, the United States, Europe, Singapore, Canada and the Middle East.
As at September 30, 2020, AXIS Capital had shareholders’ equity of $5.3 billion, total capitalization of $6.6 billion, and total assets of $26.5 billion. The company’s operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best.
In 2019 the total GWP of AXIS Capital was $6.9 billion (Insurance: $3.7 billion, or 53.3% of GWP: Reinsurance: $3.2 billion, or 46.7% of GWP).
AXIS Insurance is active in all areas of credit insurance and underwrites risks via AXIS Specialty Europe SE, AXIS Specialty Limited, and Lloyd’s Syndicate 1686, with offices in London, Bermuda and Singapore.
AXIS Re is active in all areas of credit and surety reinsurance and underwrites risks via AXIS Re SE and AXIS Reinsurance Company from two specialized underwriting units in Zurich and New York.
AXIS Capital was capitalized with approximately $1.7 billion in November 2001 to address the need for quality capacity in the specialty insurance and global reinsurance marketplace following the tragedy of September 11th. In July 2003, AXIS became a publicly listed company on the New York Stock Exchange, marking the first major step in its goal of financial flexibility.
By 2004, AXIS Capital had substantially established itself in both the specialty insurance and global reinsurance marketplaces with meaningful presences in Bermuda, Europe and the United States. AXIS Capital has continued to focus on strong organic growth by maximizing opportunities available to the Company in its well-established global network.
AXIS received approval from Lloyd’s for the establishment of AXIS Syndicate 1686 for the 2014 underwriting year. In October 2017, AXIS acquired Novae and welcomed Novae syndicate 2007 into its business, thus creating a $2 billion specialty insurer in London, a top-ten player at Lloyd’s and a global $6 billion operation. The Company now trades at Lloyd’s via a single, unified platform (AXIS Syndicate 1686), having absorbed the majority of business written through Syndicate 2007 into Syndicate 1686.
Contact for AXIS Insurance
Head of Marine & Political Risk
Contact for AXIS Re
Camilo A. Rodriguez
Head of International Credit and Surety