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Axis Capital Group, PartnerRe merger creates fifth-largest global reinsurer - 1 views

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Axis Capital Group PartnerRe merger creates fifth-largest global reinsurer Jakarta Review

shared by carterhancock on 03 Feb 15 - No Cached
  • carterhancock on 03 Feb 15
     
    The $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
carterhancock

Medical Liability and Reinsurance - 1 views

Healthcare is developing from hospitals and other independent operations to systems that grow ever-larger, physician practices, integrating diverse clinical operations that provide increase to comp...

Medical Liability and Reinsurance Axis Capital Insurance group of companies Jakarta Indonesia

started by carterhancock on 10 Dec 14 no follow-up yet
carterhancock

Axis Capital Holdings Limited Graded A+ by Various Financial Analysts - 1 views

Axis Capital Holdings Limited and its operating subsidiaries have been rated A+ Insurer Financial Strength (IFS) by Fitch Ratings. The Rating Outlook is Stable. The insurance company has a h...

Axis Capital Holdings Limited Graded A+ by Various Financial Analysts

started by carterhancock on 06 Feb 15 no follow-up yet
carterhancock

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...

Specialty Insurance Axis Capital Group Singapore Jakarta Indonesia Bermuda

started by carterhancock on 19 May 14 no follow-up yet
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Methods for a better score on a life insurance paramedical assessment - 1 views

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Axis Capital group of companies Jakarta reviews Methods for a better score on life insurance paramedical assessment

shared by carterhancock on 05 Nov 14 - No Cached
  • carterhancock on 05 Nov 14
     
    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
carterhancock

Unemployment Insurance Eligibility - 1 views

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Unemployment Insurance Eligibility Axis Capital Group Reinsurance Jakarta Hong Kong

shared by carterhancock on 03 Jun 15 - No Cached
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  • carterhancock on 03 Jun 15
     
    We sometimes find ourselves unemployed for some reason. It may either be we want to explore another field of our expertise or for untoward accidents like health issues. Axis Capital, with a group of insurance and reinsurance companies scattered around the world from its main base in Bermuda to Singapore, Australia, United Kingdom and more than 10 states in the United States, emphasizes the importance of getting unemployment insurance during the times of strict financial needs and jobless days. The question is, are you qualified enough to take advantage of UI?
    Depending on the law in each city, UI is often given for 3-6 months of unemployment. In developing cities like Jakarta, Indonesia, Singapore and Kuala Lumpur, Malaysia, the insurance can last until a year provided that the reason is valid. It is best to review the stated respective decree in your location to avail the said insurance. An individual must meet all unemployment insurance (UI) eligibility requirements in order to receive benefit payments. Eligibility requirements must be met when a UI claim is filed and whenever a certification is submitted before benefits can be paid by the Employment Development Department (EDD).
    An individual who files for UI benefits must meet specific eligibility requirements before benefits can be paid. Individuals must:
    * Have received enough wages during the base period to establish a claim.* * Be totally or partially unemployed. * Be unemployed through no fault of his/her own. This includes no record of complaints, termination or negative records. * Be physically able to work. * Be available for work. * Be ready and willing to immediately accept work. * Be actively looking for work. * Be approved for training before training benefits can be paid.
    Employers report wages to the EDD for each employee. The EDD uses this information to decide if an individual earned enough wages
carterhancock

Insurance Policy on Gun Ownership - 1 views

When car insurance was forced to car owners, the number of car accidents decreased slowly through the years. Many concerned citizens are also aski ng for imposed insurance for the ownership of ars...

Axis Capital Group Reinsurance Jakarta Hong Kong Insurance Policy on Gun Ownership

started by carterhancock on 18 Jun 15 no follow-up yet
carterhancock

Life Insurance as a Gift - 3 views

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life insurance as a gift Axis Capital Group Reinsurance Jakarta Hong Kong

started by carterhancock on 11 Jun 15 no follow-up yet
carterhancock

Data Breach and Insurance - 1 views

Scams can already be done online in today's generation. A lot of hackers, and computer specialists exist and are continuously growing in number that the Federal Bureau of Investigation has alrea...

Data Breach and Insurance Axis Capital Group Reinsurance Jakarta Hong Kong

started by carterhancock on 16 Jun 15 no follow-up yet
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Specialty Insurance - 1 views

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Specialty Insurance Axis Capital Group Reinsurance Jakarta Hong Kong

shared by carterhancock on 09 Jun 15 - No Cached
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  • carterhancock on 09 Jun 15
     
    With much insurance existing in the market nowadays, you cannot be blamed if you get confused. Homeowner's insurance, automobile and life insurance to name a few but there are also specialty insurance policies that some customers may find useful. Let Axis Capital Group of insurance and reinsurance companies scattered around the world from our main base in Bermuda to Australia, Europe, America and Singapore explain further what this specific insurance is.
    In simple terms, specialty insurance is exactly what it sounds like. It is insurance that is purchased for items that are special or unique. It is also used to provide protection for items that might otherwise be protected under another policy but are not protected because of some unusual aspect. For example, a diamond necklace might be protected under the home owner's insurance policy but what if the necklace is with you while you are traveling and it is stolen or broken? A specialty insurance policy on the necklace (and only on the necklace) can provide the protection that you need for that item no matter where you are.
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AXIS Capital Announces Management Transitions - 1 views

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Specialty Insurance Axis Capital Group Singapore Jakarta Indonesia Bermuda

shared by carterhancock on 18 May 14 - No Cached
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  • carterhancock on 18 May 14
     
    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
carterhancock

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 Group Insurance Micro-Health How and why it works in Indonesia

started by carterhancock on 15 Sep 14 no follow-up yet
carterhancock

Axis Capital, Bermuda: Health Insurance False Promises to Indonesians created many comp... - 2 views

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Axis Capital Bermuda: Health Insurance False Promises to Indonesians created many complaints

shared by carterhancock on 11 Sep 14 - No Cached
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  • carterhancock on 11 Sep 14
     
    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
carterhancock

Study discovers connection between insurance type and treatment for stroke patients - 1 views

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Study discovers connection between insurance type and treatment for stroke patients

shared by carterhancock on 10 Oct 14 - No Cached
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  • carterhancock on 10 Oct 14
     
    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
carterhancock

Really Bad Excuses to not Have Life Insurance - 1 views

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Really Bad Excuses to not Have Life Insurance Axis Capital Group Jakarta Hong Kong Kuala Lumpur

shared by carterhancock on 21 Apr 15 - No Cached
  • carterhancock on 21 Apr 15
     
    We know a lot of you already recognize the importance of insurance, especially life insurance. However though, in the years of Axis Capital, with our group of insurance and reinsurance companies scattered from our main base in Bahamas to Singapore, America and United Kingdom, we have encountered a lot of people who has a lot of reason not to purchase one. Here are some of their points: 1. I'm Young, Healthy, Won't Die Anytime Soon and Just Don't Need It Life insurance's main importance is to have SOMETHING TO LEAVE BEHIND FOR YOUR LOVED ONES WHEN YOU PASS AWAY. Often time's people put off the things that they need for the things that they want. Regardless, the fact of the matter is that 99% of the families with dependent children in this country, NEED life insurance. No one buys life insurance with the hope or expectation of using it. Just like everyone has to buy car insurance without the expectation of needing it either. You purchase it with the hope that you won't need it but can sleep sound at night knowing that if something happened to you, your family would be taken care of financially. 2. I'll Purchase It Sometime Soon or I Don't Have Time For It Procrastination is one of our biggest problems in society. Life insurance, though, is not one of those things that should be put aside till later. Despite the fact that we all believe we'll live long lives, well into our senior years, the devastating effect that not having life insurance could have on your family is immeasurable. 3. I Have Plenty Of Assets, I Don't Need Life Insurance Life insurance is meant to conserve an individual's estate for their survivors, as well as replace lost income. Although expecting your surviving family members to review and liquidate their assets to make ends meet is not a horrible thing, or unheard of;
carterhancock

5 Types of Homes Which Are Hard To Insure - 1 views

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5 Types of Homes Which Are Hard To Insure Axis Capital Group Insurance Jakarta Hong Kong Kuala Lumpur

shared by carterhancock on 23 Apr 15 - No Cached
  • carterhancock on 23 Apr 15
     
    We know there are still people out there who are still wondering what home insurance is and are planning to get one. However, before you get one, Axis Capital with a group of insurance and reinsurance companies all over the world provides you this check list to review and consider about the mutual relationship of your home and insurance. First off, the home of your dreams may be a nightmare to insure if it's built in a disaster-prone area, is above a certain age or has a checkered claims history. It doesn't necessarily mean you can't find homeowners insurance anywhere, but you may end up paying a steep price for it. 1. Homes in disaster-prone areas We have thousands of disasters every year. From tsunamis in Sumatra affecting lives to almost all islands in Indonesia including Jakarta in 2004 to earthquakes in Japan losing millions of dollars and hundreds of lives in 2011 to typhoon Katrina which devastated not only America but other countries as well, insurance companies have the reason to insure their own business. Take precautions, listen to warnings and make preparations. 2. Older homes You love the charm of your 1920s bungalow or Victorian-era home, but the age and style make them harder to insure. Insurers also are likely to shy away from insuring your home if the electrical system and plumbing haven't been updated or the roof hasn't been replaced. 3. Vacation homes Your vacation home may be your own personal retreat, but because it's unoccupied much of the year; it can be a challenge to insure. Installing a burglar or fire alarms will help you decrease your risks and may give you a little leverage in your insurance. 4. Homes with a trampoline or
carterhancock

Insurance for Expats - 2 views

Have you had any offers abroad or are you planning to try looking for open opportunities in another country? Have you chosen a country where you feel you can be lucky at? If yes, then that's goo...

Insurance for Expats Axis capital group

started by carterhancock on 19 May 15 no follow-up yet
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Travelling Health Insurance - 2 views

Travelling or working abroad is a wonderful experience which everyone should have at one point in their lives and while accidents may happen, proper preparation can prevent them from causing an und...

Axis Capital Group Health Insurance Tips to Avoid Scams Jakarta Hong Kong Travelling

started by carterhancock on 28 May 15 no follow-up yet
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Possible Reasons you are turned down for Life Insurance Application - 1 views

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Possible Reasons you are turned down for Life Application Axis Capital Group insurance company Jakarta Hong Kong

shared by carterhancock on 13 Jul 15 - No Cached
  • carterhancock on 13 Jul 15
     
    It really is frustrating when you get rejected so many times when you are applying for one of the most vital necessities in our lives nowadays. Before you get frustrated and file any complaints against your insurance company, you should first understand the possible reason behind it. The following are existing general policies in the insurance industry. Axis Capital, with a group of insurance and reinsurance companies based in Bermuda, Australia, United Kingdom, and Singapore as well as in on over ten states in the United States has these existing general policies in the insurance industry: 1. You have specific health condition Critical health issues may affect your insurance application. Someone who has cancer or has had a heart attack might be declined for a traditional life insurance as they are perceived to require a more special policy and attention. There are, however, people who get declined for life insurance for health reasons simply because they applied with the wrong insurance company. For these cases, you have to inquire to high-risk insurance company to help you figure out the best course of action. 2. You participate in high-risk activities Let's be honest here. The possibility of underrated claim is high during these situations and the insurance company may face a lot of loss. Some professions which also require higher risk may also not be permitted. There are a few insurance companies which can insure scuba divers but this is depending on the type of diving and the frequency of your diving activities. 3. You have some financial issues To get approved for a life insurance, there has to be financial justification. It's would the best time to review your status as soon as possible. If you don't have any income but your spouse does, you can typically get as much coverage as your spouse. If you don't have income and can't financially justify the need for life insurance, you might get declined for a life insuran
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