PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that AXIS Re was recently named “Specialty Reinsurer of the Year” by Reactions magazine. AXIS Capital received the award at the Reactions North American Awards dinner held on September 3rd in New York City. This is the 10th year Reactions has held its awards program.
“We are pleased to name AXIS Re as Specialty Reinsurer of the Year,” said Christopher Munro, Americas Editor for Reactions. “There were several companies in the running, but our judges felt that AXIS Re was the company that should be rewarded for its work in North America’s specialty reinsurance market over the past 12 months.”
Jay Nichols, CEO of AXIS Re, who accepted the award, commented, “This distinction is a testament to AXIS Re’s discipline, nimbleness and its daily execution on behalf of clients—all of which is made possible by the highly qualified and dedicated people that comprise AXIS Re around the globe. It is an honor for our specialty reinsurance franchise to be recognized by Reactions.”
Albert Benchimol, President and Chief Executive Officer of AXIS Capital, added, “AXIS Re is an important part of our global hybrid specialty strategy, which includes three leading diversified businesses: reinsurance, primary insurance and accident & health. Since AXIS Capital’s inception to date, we have produced roughly $20 billion in gross reinsurance premiums written, with an impressive combined ratio of approximately 88% over the same time period. I want to congratulate the entire AXIS Re team for receiving this award and for their continued hard work, focus and dedication to clients. As we move ahead, I am confident that this recognition from Reactions is a harbinger of more market leading recognitions and accomplishments to come from AXIS Re.”
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity attributable to AXIS Capital at June 30, 2015 of $5.9 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.