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PEMBROKE, Bermuda - AXIS Capital Holdings Limited (NYSE:AXS), a prominent player in the insurance industry with a market capitalization of $7.6 billion, announced Wednesday the launch of AXIS Capacity Solutions, a new business unit focused on structured and multi-line portfolio capacity deals. The company, which has maintained dividend payments for 23 consecutive years, continues to demonstrate strong financial performance with a P/E ratio of 9.2.
The company has appointed David Murie as Head of AXIS Capacity Solutions. Murie, a Chartered Accountant with over 15 years of experience, will report to Group Chief Underwriting Officer Dan Draper and be based in London.
According to AXIS, the new unit aims to address the growing trend of multi-line facilities in the global specialty insurance market, which the company says are expanding faster than the broader insurance market.
"Multi-line facilities are growing at a faster pace than the broader insurance market, reflecting a widening market share being placed through these structures, a trend that we expect will only increase," said Vince Tizzio, President and CEO of AXIS, in a press release statement. According to InvestingPro data, AXIS has demonstrated robust growth with revenue increasing by 7.7% over the last twelve months, supporting its strategic expansion initiatives.
The new business unit will work with strategic partners to develop multi-line portfolio structures, leveraging the company’s global underwriting platform including its Lloyd’s licensing footprint.
Murie previously served as Global Head of Underwriting Governance & Execution and Chief of Staff to the Group CUO at AXIS. His prior roles at the company included Head of Business Performance for AXIS International Insurance and Head of FP&A for AXIS International Insurance. Before joining AXIS, he held managerial positions at Aviva.
AXIS Capital, through its operating subsidiaries, provides insurance and reinsurance solutions globally with locations in Bermuda, the United States, Europe, Singapore and Canada. The company reported shareholders’ equity of $6.2 billion as of June 30, 2025. InvestingPro analysis indicates the company is currently trading below its Fair Value, with a strong financial health score of "GOOD" and an impressive return on equity of 16%. For deeper insights into AXIS Capital’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
In other recent news, AXIS Capital Holdings Limited announced changes to its executive compensation plan, set to take effect on June 30, 2025. The updated plan reduces the service requirement for eligibility from ten years to five, allowing employees aged 60 or older with at least five years of continuous service to participate. This amendment will enable a significant portion of eligible employees’ equity awards to continue vesting upon retirement, contingent on signing a Restrictive Covenant Agreement where legally permissible. Additionally, TD Cowen analyst Andrew Kligerman raised the price target for AXIS Capital to $130, maintaining a Buy rating. Kligerman cited the company’s solid growth prospects and sustainable underwriting performance as reasons for the increased target. AXIS Capital’s CEO and CFO expressed confidence in the firm’s underwriting capabilities, with improvements expected in the general and administrative expense ratio. The G&A expense ratio is projected to reach 11% by fiscal year 2026. Despite a recent decline in property rates, the company believes pricing remains adequate in the property and casualty sectors.
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