$AXS

Insurers are targeting a 50% increase in significant risk transfer (SRT) deals in 2025, with growth expected in corporate loans and mortgages, according to a survey by the International Association of Credit Portfolio Managers. Insurers protected €4.7 billion of SRT tranches in 2025, up from €2.7 billion in 2024. Banks use SRTs to hedge against loan defaults and free up capital. The Bank of England has raised concerns about unfunded SRTs, which rely on insurers' ability to honor guarantees. Key

Bermuda's top reinsurers reported strong first-half underwriting results, with a combined ratio of 85.3% due to lower catastrophe losses, according to Fitch Ratings. The group, including RenaissanceRe and Hamilton, saw a 15.7% net-income return on equity, though premiums fell 9% amid competition. Hamilton was the only company with adverse reserve development, while SiriusPoint saw the largest equity decline.

Insurance Business America’s report reviews carrier-level fire insurance underwriting results. AXIS Capital Group saw 2024 fire premiums rise 47.3% YoY and a loss ratio of 24.5%. Liberty Mutual improved its loss ratio from 63.1% to 34.3% while premium grew 15%. Berkshire Hathaway cut DPW 14.3% with a 32.7% loss ratio. Starr Group’s premium was $2.25B, with loss ratio rising 39.1% to 59.1%.

LA28 said it will launch a verified multi-platform ticket resale program in 2027 for the 2028 Olympic and Paralympic Games. AXS and CTS Eventim will handle primary sales, while Ticketmaster and Sports Illustrated Tickets will be additional verified resale platforms. LA28 also confirmed Visa as the official payment method and warned that resale listings before 2027 will not be verified.

AXIS Capital (NYSE: AXS) said it agreed to acquire renewal rights to DUAL North America’s excess liability business. DUAL Excess Liability executive John Kopach will join AXIS as Head of Wholesale Lower Middle Market. AXIS and DUAL plan a seamless transition for brokers and policyholders. AXIS reported $6.5bn shareholders’ equity as of June 30, 2026.

Las Vegas Events said the Wrangler National Finals Rodeo (Dec. 3-12, 2026 at the Thomas and Mack Center) named AXS its exclusive primary and secondary ticketing partner. The deal covers primary sales, official resale, and sponsorship, with season holders managing tickets and resale via AXS. Official Fan-to-Fan listings start Aug. 12, 2026, public onsale Aug. 13.

AXIS Capital appointed Rahil Jogani as head of technology and AI strategy, tasking him with setting the firm’s enterprise tech and AI agenda across underwriting, claims and portfolio management. AXIS cited its strong Q2 2026 results, including $80.67 diluted book value per share (+14.7% YoY) and a 93% combined ratio, and said the role supports its “How We Work” efficiency program.

BMO Capital analyst Charlie Lederer reiterated a Hold rating on Axis Capital (AXS) and set a $108.00 price target. AXS closed at $105.96. The article also cites other firms’ ratings, and notes Q2 revenue of $1.75 billion and net profit of $383.28 million versus $1.54 billion revenue and $223.36 million net profit a year earlier.

AXIS Capital Holdings (AXS) fell about 11% after its Q2 2026 results. The company reported net income of $251 million, or $3.38 per diluted share, but operating EPS of $2.84 missed expectations. Operating income and underwriting weakened, with the combined ratio rising to 93.1% from 85.3% and catastrophe and weather losses totaling $80 million.

AXIS Capital Holdings (NYSE: AXS) said it hired Rahil Jogani as Head of Technology and AI Strategy, a newly created role based in New York and reporting to COO Ann Haugh. AXIS said he will set enterprise tech and AI priorities and support adoption to improve underwriting, claims analysis, portfolio management, and risk selection. AXIS reported $6.5 billion shareholders’ equity as of June 30, 2026.