AXIS CAPITAL HOLDINGS LTD Proxy Statement Filed
Ticker: AXS-PE · Form: DEFA14A · Filed: May 3, 2024 · CIK: 1214816
| Field | Detail |
|---|---|
| Company | Axis Capital Holdings Ltd (AXS-PE) |
| Form Type | DEFA14A |
| Filed Date | May 3, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $5.3 M, $6.3, $8.6 Billion, $16.8, $2.3 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy, shareholder-outreach
TL;DR
AXIS CAPITAL HOLDINGS LTD filed proxy docs for Spring 2024 shareholder outreach.
AI Summary
AXIS CAPITAL HOLDINGS LTD filed a Definitive Additional Materials proxy statement on May 3, 2024. This filing relates to the company's Spring 2024 Shareholder Outreach. No fee was required for this filing.
Why It Matters
This filing provides shareholders with important information regarding the company's upcoming proxy season and shareholder engagement activities.
Risk Assessment
Risk Level: low — This is a routine proxy filing and does not contain information that suggests immediate or significant risk.
Key Players & Entities
- AXIS CAPITAL HOLDINGS LTD (company) — Registrant
- 0001214816-24-000063 (filing_id) — Accession Number
- 20240503 (date) — Filing Date
FAQ
What type of filing is this?
This is a Definitive Additional Materials proxy statement (DEFA14A).
Who is the filing company?
The filing company is AXIS CAPITAL HOLDINGS LTD.
When was this filing made?
The filing was made on May 3, 2024.
What is the purpose of this filing?
The filing is related to the company's Spring 2024 Shareholder Outreach.
Was there a fee associated with this filing?
No fee was required for this filing.
Filing Stats: 3,279 words · 13 min read · ~11 pages · Grade level 20 · Accepted 2024-05-03 16:52:11
Key Financial Figures
- $5.3 M — 3 Overview & Financial Highlights 4 $5.3 Mix of Business by GPW(3)) Insurance $6.3
- $6.3 — .3 Mix of Business by GPW(3)) Insurance $6.3 $8.6 Billion Market Capitalization(1) A
- $8.6 Billion — x of Business by GPW(3)) Insurance $6.3 $8.6 Billion Market Capitalization(1) Annualized ROA
- $16.8 — Stock Exchange Since 19 Represented in $16.8 Cash & Investments(5) A/A+ Financial St
- $2.3 — ting(6) With Stable Outlook Reinsurance $2.3 $31.8 Total Assets Billion Billion $0.4
- $31.8 — 6) With Stable Outlook Reinsurance $2.3 $31.8 Total Assets Billion Billion $0.44/2.9%
- $0.44 — $2.3 $31.8 Total Assets Billion Billion $0.44/2.9% Current Quarterly Dividend(1) Bill
- $6.6M — Total Performance Year Compensation 1 = $6.6M Fixed 15% Subject to Performance 85% Ba
Filing Documents
- a2024defa14afinal.htm (DEFA14A) — 36KB
- spring2024shareholderout001.jpg (GRAPHIC) — 122KB
- spring2024shareholderout002.jpg (GRAPHIC) — 258KB
- spring2024shareholderout003.jpg (GRAPHIC) — 37KB
- spring2024shareholderout004.jpg (GRAPHIC) — 117KB
- spring2024shareholderout005.jpg (GRAPHIC) — 83KB
- spring2024shareholderout006.jpg (GRAPHIC) — 141KB
- spring2024shareholderout007.jpg (GRAPHIC) — 42KB
- spring2024shareholderout008.jpg (GRAPHIC) — 165KB
- spring2024shareholderout009.jpg (GRAPHIC) — 127KB
- spring2024shareholderout010.jpg (GRAPHIC) — 177KB
- spring2024shareholderout011.jpg (GRAPHIC) — 34KB
- spring2024shareholderout012.jpg (GRAPHIC) — 131KB
- spring2024shareholderout013.jpg (GRAPHIC) — 39KB
- spring2024shareholderout014.jpg (GRAPHIC) — 179KB
- spring2024shareholderout015.jpg (GRAPHIC) — 57KB
- spring2024shareholderout016.jpg (GRAPHIC) — 32KB
- spring2024shareholderout017.jpg (GRAPHIC) — 134KB
- spring2024shareholderout018.jpg (GRAPHIC) — 300KB
- spring2024shareholderout019.jpg (GRAPHIC) — 38KB
- 0001214816-24-000063.txt ( ) — 3083KB
From the Filing
2024 DEFA14A (final) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 AXIS CAPITAL HOLDINGS LIMITED (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box) No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 Spring 2024 Shareholder Outreach 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts included in this document, including statements regarding our estimates, beliefs, expectations, intentions, strategies or projections are forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the United States ("U.S.") federal securities laws. In some cases, these statements can be identified by the use of forward-looking words such as "may", "should", "could", "anticipate", "estimate", "expect", "plan", "believe", "predict", "potential", "intend" or similar expressions. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management's control. Forward-looking statements contained in this document may include, but are not limited to, information regarding our estimates for losses and loss expenses, measurements of potential losses in the fair market value of our investment portfolio and derivative contracts, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding pricing, and other market and economic conditions including the liquidity of financial markets, developments in the commercial real estate market, inflation, our growth prospects, and valuations of the potential impact of movements in interest rates, credit spreads, equity securities' prices, and foreign currency exchange rates. Forward-looking statements only reflect our expectations and are not guarantees of performance. These statements involve risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual events or results to differ materially from those indicated in such statements. We believe that these factors include, but are not limited to, the following: Insurance Risk the cyclical nature of the insurance and reinsurance business leading to periods with excess underwriting capacity and unfavorable premium rates; the occurrence and magnitude of natural and man- made disasters, including the potential increase of our exposure to natural catastrophe losses due to climate change and the potential for inherently unpredictable losses from man-made catastrophes, such as cyber-attacks; the effects of emerging claims, systemic risks, and coverage and regulatory issues, including increasing litigation and uncertainty related to coverage definitions, limits, terms and conditions; actual claims exceeding reserves for losses and loss expenses; losses related to the Israel-Hamas conflict and the associated conflict in the Red Sea, the Russian invasion of Ukraine, terrorism and political unrest, or other unanticipated losses; the adverse impact of social and economic inflation; the failure of any of the loss limitation methods we employ; the failure of our cedants to adequately evaluate risks; Strategic Risk increased competition and consolidation in the insurance and reinsurance industry; changes in the political environment of certain countries in which we operate or underwrite business; the loss of business provided to us by major brokers; a decline in our ratings with rating agencies; the loss of one or more of our key executives; increasing scrutiny and evolving expectations from investors, customers, regulators, policymakers and other stakeholders regarding environmental, social and governance matters; the adverse impact of contagious diseases (including COVID-19) on our business, results of operations