Axis Capital, Bermuda: CREDIT INSURANCE AND SURETY BONDS - 2 views
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About AXIS Capital - Accident & Health Axis Capital Group Hartford Jakarta Indonesia Ka... - 1 views
Our highly experienced underwriting, claims, modeling and actuarial teams have a breadth and depth of knowledge that distinguishes us in the industry. Clients around the globe value our expert unde...
Axis Capital Group, PartnerRe merger creates fifth-largest global reinsurer - 1 views
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carterhancock on 03 Feb 15The $11 billion merger of Bermuda-based PartnerRe Ltd. and Axis Capital Holdings Ltd. accelerates the trend of offshore reinsurers combining to remain competitive. The stock-swap deal announced Jan. 25 is the third in as many months in a sector hit by pricing pressure from an ongoing influx of private equity capital and strong competition among traditional reinsurers. The combination will create the fifth-largest reinsurer in the world. PartnerRe shareholders will own 51.6% of the combined company, for which a name has not yet been chosen, and Axis shareholders will own 48.4%. This mega-deal is expected to close in the second half of this year. The transaction follows Dublin-based XL Group P.L.C.'s Jan. 9 proposed acquisition of Bermuda-based Catlin Group Ltd. in a $4.1 billion deal and Bermuda-based RenaissanceRe Holdings Ltd.'s Nov. 24, 2014, acquisition of Bermuda-based Platinum underwriters Holdings Ltd. in a $1.9 billion deal. "I think it is absolutely a trend and I think, ultimately, it's all driven by the same factors," said Cliff Gallant, San Francisco-based analyst at Nomura Securities Co. Ltd. "There is a lot of pressure in reinsurance; prices are coming down and the product is changing. I expect that the wave is building and that we'll definitely see more M&A activity." Meyer Shields, managing director at Keefe, Bruyette & Woods Inc. in Baltimore, said: "This is a trend, it is accelerating and I don't think we're anywhere near done with this sort of announcement." "After a relative calm of several years, it seems the floodgates have opened for consolidation in Bermuda," Amit Kumar, New York-based vice president and senior analyst of insurance at Macquarie Capital (USA) Inc., wrote in an analyst note that also cited the RenRe/Platinum and XL/Catlin deals. Axis Capital CEO Albert Benchimol, who will head the combined entity, said in an interview: "I feel very confident that with the increased scale of the organ
Axis Capital Insurance Group Review: Fraudulent Insurance Act Punishable By Law - 1 views
With the wide spread of insurance fraud, you might start asking if there is assurance in your life plans. The insurance industry already has positioned itself in the modern world as a necessity and...
AXIS Capital Announces Management Transitions - 1 views
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AXIS Capital Announces Management Transitions /Accident & Health Axis Capital Group Hartford Jakarta Indonesia Kansas Houston PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ("AXIS Capital" or "the Company") (NYSE:AXS) announced today that John ("Jack") Gressier, currently the Chief Executive Officer of AXIS Insurance, will become AXIS Capital's new Chief Operating Officer effective April 1, 2014. Mr. Gressier will assume the responsibilities of retiring Chief Operating Officer Dennis Reding. In his new role, Mr. Gressier will oversee the Company's global insurance operations, including broker relationships and distribution management, reinsurance purchasing and corporate risk protection activities. In addition, he will also have responsibility for the Company's growing Accident & Health business, which provides accident, specialty health and travel-related insurance and reinsurance solutions on a worldwide basis. Mr. Gressier will continue to be based in London and report to Albert Benchimol, President and Chief Executive Officer of AXIS Capital. Mr. Reding, who has served as AXIS Capital's Chief Operating Officer since 2007, has been named Senior Advisor to the Company and will continue as a member of AXIS Capital's Executive Committee. Peter Wilson, currently President of U.S. Insurance at AXIS Insurance, will succeed Mr. Gressier as Chief Executive Officer of AXIS Insurance, with overall responsibility for the general management and business results of AXIS Capital's global property and casualty insurance operations. Mr. Wilson will continue to be based in New York and will report to Mr. Gressier. Commenting on the appointments, Albert Benchimol, President and CEO of AXIS Capital, remarked, "Having worked closely with Jack for several years, I have developed tremendous confidence in his management prowess, leadership skills and und
Micro-Health Insurance: How and why it works in Indonesia - 1 views
Municipal solid waste (MSW) is graded as the highest importance waste stream in Indonesia, grounded on a country needs assessment analysis by the United Nations Environment Programme. Organic wast...
Axis Capital, Bermuda: Health Insurance False Promises to Indonesians created many comp... - 2 views
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Up till now for all the numerous healthcare schemes that have begun at district and provincial levels, the general image is one of failing health pointers and facilities through the country. A 2008 World Health Organization report found that decentralization has ran to the erosion of a once incorporated health system, extremely discouragement the worth of disease surveillance and public health programs. Diseases like polio and leprosy, once under control, are resurfacing and the districts are not capable to attend to these or other complicated diseases like avian influenza. AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance that serves a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States is in one of the Indonesians who are given false promises. There are many complaints. Health experts are doubtful of local programs that are presented by district officials with slight knowledge or experience in the health sector. The occurrence that many plots are intended chiefly to entice votes frequently means that they do not match the community's complex health requirements. And some regions are stressed to handle the costs. In East Java, where the government once agitated for regional administrations' right to implement local programs, healthcare services are overwhelmed and underfunded. In 2010, the program was seriously in debt, with a budget distribution of just Rp50 billion (a little over $US 5 million) and costs count Rp112 billion. This type of blow-out is not unusual. Frequently it occurs for the reason that the poor health infrastructure may not be able to deal with the unexpected spike in demand that comes once services are proposed for free. Sometimes the problem com
Property Insurance Basics - 1 views
AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States has built a global franchise that is well diversified b...
Study discovers connection between insurance type and treatment for stroke patients - 1 views
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University of Florida researchers have discovered a link between Medicare and patient access to surgical treatment for subarachnoid hemorrhage, a kind of stroke that affects as many as 30,000 Americans each year - frequently causing death or long-term impairment and disability. AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, has in full support with this study. (The company also services SE Asian countries such as KL Malaysia, Bangkok Thailand, Jakarta Indonesia and many more.) According to findings published in the journal PLOS ONE, for patients who have suffered this type of stroke, surgical intervention can spell the difference between recovery or long-term disability and death, yet patients on Medicare are less likely than those with private insurance to be referred for surgical treatment. This may represent a conscious or unconscious bias against Medicare patients, who are typically older and have preexisting disabilities or chronic illnesses, said Azra Bihorac, M.D., senior author of the study and an associate professor of anesthesiology, medicine and surgery at the UF College of Medicine. "Not every hospital has skilled neurosurgeons who specialize in subarachnoid hemorrhage," Bihorac said. "If these hospitals don't have the necessary expertise, then they may actually overestimate the risk of a bad prognosis. They may assume that the patient won't do well anyway, so they won't proceed with surgery." The researchers review and analyzed data from the National Inpatient Sample hospital discharge database for the study. The data consist of information on more than 21,000 adult patients released from 2003 to 2008 with a diagnosis of subarachnoid hemorrhage. About 62 percent of the participants were fem
Data Controls and Metrics in Asia Pacific - 1 views
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Developed countries from the West are not the only ones who are upgrading their systems against insurance theft. With the widespread of technology and the integration of new knowledge and computer geniuses, even those living in the suburbs of Africa now has their own system to secure their data and confidential information. Axis Capital, with group of insurance and reinsurance companies in Bermuda, Australia, United Kingdom, Singapore and in over ten states in the US, is one of the many companies reported to first integrate a more tighter security system in the start of 2015 in the Asia-Pacific. Data theft and fraud are fast becoming key issues for regulators and law enforcement across Asia-Pacific, as elsewhere. Insurers are paying close attention to the new data privacy rules being drafted in response to the increased risks. According to reviews, regional and global insurers with operations in the Asia Pacific region also are grappling with the issue of data sovereignty - which can be transmitted among jurisdictions - as the data privacy regulations vary across the region. More stringent data protection rules in Australia and Singapore also may create questions about the identity of countries in which insurers store their data. A subpoena issued by a government to an insurer to provide certain data requires knowledge of where it has been physically stored. Insurers also will need to identify new metrics and processes to monitor data security and compliance. Many insurers in the region will continue to enhance their data controls in the latter part of 2015, prompted primarily by new and stricter regulations. Asia-Pacific insurers must pay closer attention to the changing cyber security laws and focus more stringently on data security, network crime legislation and law enforcement. Singapore's Personal Data Protection Act, for example, includes rules on the collection, use, disclosure and care of personal data. The law establishes penalt
Insurance Regulation in Asia Pacific - 1 views
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Benefits & Drawbacks of Life Insurance - 1 views
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Life insurance offers more than a few benefits not available from any other financial instrument; however it has drawbacks as well. AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance. We serve a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States. The company also service SE Asian countries such as Jakarta Indonesia, KL Malaysia and many more. Benefits of Life Insurance * Life insurance provides an infusion of cash for dealing with the unfavorable financial effects of the insured's death. * Life insurance benefit from positive tax treatment not like any other financial instrument. * Death benefits are in general income-tax-free to the recipient. * Death benefits could be estate-tax free if the policy is owned accurately. * Cash values grow tax deferred throughout the insured's lifetime. * Cash value withdrawals are handled on a first-in-first-out (FIFO) basis, consequently cash value withdrawals up to the total premiums paid are in general income-tax free. * Policy loans are income tax free. * A life insurance policy may be swapped for a different life insurance policy (or for an annuity) minus incurring current taxation. What have been said above are true in general; on the other hand the tax benefits of life insurance have specified limits which under the mistaken set of situations can trigger off the tax benefits cited to be gone. It is advised to discuss with your insurance and tax advisor. * Numerous life insurance policies are very compliant in terms of regulating to the policyholder's needs. The death benefit may be reduced at any time and the payments may be simply abridged, avoided or improved.
6 Million Legal Immigrants May Get Health Coverage via New Law - 2 views
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The Affordable Care Act (ACA) does not increase access to health insurance for undocumented immigrants however may lead for many legal immigrants who have concern earning this crucial coverage, completes a report released by the George Washington University School of Public Health and Health Services (SPHHS). The report summaries the breaks in addition to the duties that the federal health reform law will transport to legally present immigrants, people who have gotten green cards or visas permitting them to work, live and study in the United States. AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, has in full support with Affordable Care Act. (The company also services SE Asian countries such as KL Malaysia, Bangkok Thailand, Jakarta Indonesia and many more.) "Most people do not realize that legal immigrants currently face many obstacles to obtaining health insurance," said Leighton Ku, PhD, MPH the author of the new report and director of the Center for Health Policy Research at SPHHS. "Such immigrants are three times as likely to be uninsured as those born in the United States." Without health coverage, they - like other uninsured Americans - often delay or never get potentially life-saving health care, he said.
Study finds: Coffee drinkers pay more for life insurance - 1 views
Warning this is a bad news coffee drinkers. Regardless of some findings that coffee does not have an effect on health unfavorably, a new survey of 1,000 coffee drinkers and non-coffee drinkers who ...
Psychiatrists less likely to accept insurance than other physicians - 2 views
According to a study by Tara F. Bishop, M.D., M.P.H., of Weill Cornell Medical College, New York, NY, and colleagues, insurance acceptance rates are lower for psychiatrists than for other types of ...
Methods for a better score on a life insurance paramedical assessment - 1 views
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AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services. We serve a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States. The company also service SE Asian countries such as Jakarta Indonesia, KL Malaysia and many more. We present you these tips to improve scores on a life insurance paramedical exam. Don't smoke "Somebody who has smoked their entire life for 50 years and then stops smoking for three months - they're considered a non-smoker," Dziuba says. Dziuba isn't telling that smokers lie on their applications and stop smoking a few months prior the test. Carriers take into account a history of smoking when the person is examined, but the lab results only test for nicotine currently in the system, he says. Fast Warning, don't eat overnight or at least two hours prior the exam. A last meal the preceding night must be healthy and well balanced. The applicant might likewise be informed not to drink anything up to four hours before the exam, although a little amount of water may be permitted. Dziuba instructs clients to plan exams for a weekday and not a Monday - a weekend of spoiling in fatty foods and alcohol can increase cholesterol levels on a Monday. Lose weight You must not attempt to lose weight hasty. That will typically get rid of water weight. However losing one to two pounds per week over a few months, or optimistically over a year, can relieve an applicant fall from being a standard risk to getting a favored rate - a 15% to 20% difference in premiums. Don't drink alcohol Keep away from alcohol for at least 12 and if possible 48 hours prior to the exam, since it can raise blood pressure and unfavorably disturb elements of the blood work. High blood pressure can be the alteration
Why You Need an Insurance against Accidents and How to Buy One - 1 views
You have a huge life insurance cover with a term plan to protect your family's financial future. You also have a complete health insurance plan to pay your hospital bills. Your car is insured agai...
Purchase a basic accident cover first and shop for add-ons after - 1 views
AXIS is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services with branch offices in Bermuda, Australia, ...
Be careful, travel safely, and get a personal accident insurance - 1 views
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Jakarta Indonesia: many people die in road accidents in the country each year. Those injured number closely half a crore. As activity upsurges, there is a must to improve insurance protection with personal accident cover. AXIS is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States. What is it? Personal accident insurance policies were previously issued for one-year terms similar to any other non-life insurance product. Nonetheless, today, purchasing one for a 5-year term is not a problem. The minimum and maximum age at entry is 18 to 70 years of age in most circumstances. This is typically a pre-underwritten product and no medicals are called for. For more information: http://community.justlanded.com/en/Germany/forum/Investors-Accident-Health-Axis-Capital https://learni.st/boards/83476/learnings/742741-specialty-insurance-axis-capital-group-singapore-jakarta-indonesia-bermuda
Universal Healthcare for Jakarta Indonesia and the whole country not a scam - 1 views
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The US is not the lone country facing extensive healthcare reforms. Indonesia launched its universal health care programme on January 1st, recognized locally as Jaminan Kesehatan Nasional (JKN). Its creditable objective is to provide health insurance to the country's approximate 250m people in five years, or by January 2019. However encountered with the great test of executing such a scheme in the world's fourth most populated country, the government is phasing the introduction wisely. You are assured of no scams or any fraudulence act with the company. Axis Capital, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States is at one with the universal healthcare for Indonesia. The JKN will cover 121.6m Indonesians in the initial step of the programme's operation this year. This totals to about half of the population already, nonetheless is not as much of a success a