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Stock Market & Financial Investment News

News Breaks
June 23, 2014
09:05 EDTAXSAXIS Capital COO jack Gressier to retire, effecgtive June 30, 2015
AXIS Capital Holdings Limited announced that Jack Gressier, COO, has provided notice of retirement effective June 30, 2015, so that he may spend more time with his family. Effective immediately, Gressierís current responsibilities will be distributed among Peter Wilson, CEO of AXIS Insurance; Christopher DiSipio, CEO of AXIS Accident & Health; and Richard Strachan, Chief Operations Officer. Wilson and DiSipio will now report directly to Albert Benchimol, President and CEO of AXIS Capital. Strachan will assume responsibility for both ceded reinsurance and broker relationship management, and he will continue to report to Benchimol. The company does not intend to replace Gressier.
News For AXS From The Last 14 Days
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June 29, 2015
09:10 EDTAXSExor updates PartnerRe offer by expanding legally binding guarantee for the deal
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June 24, 2015
10:11 EDTAXSPartnerRe comments on 'continued misleading statements' by EXOR
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June 23, 2015
08:28 EDTAXSEXOR says offer for PartnerRe 'superior by all significant measures'
EXOR S.p.A., the largest shareholder of PartnerRe Ltd. (PRE), is entering the second week of meetings with PartnerRe analysts and investors to ensure the maximum clarity regarding its offer for PartnerRe shareholders. EXOR says it "has received a positive response for its offer and for the presentation of the merits, certainty and superiority of its $137.50 per share, all-cash binding offer. In the face of the compelling facts presented by EXOR, after having already disseminated false statements on the EXOR transaction not endorsed by Standard & Poorís PartnerRe continues its irresponsible campaign of intentionally and inappropriately misleading its shareholders. The more the PartnerRe board misleads its shareholders on the merits of the EXOR offer the clearer it is that the inferior AXIS (AXS) transaction is short on substance and long on execution and integration risks for its shareholders, employees and clients. EXOR is soliciting common and preferred shareholders to vote AGAINST the proposed AXIS transaction at the upcoming Special General Meeting of PartnerRe shareholders to be held on July 24. This will enable PartnerRe to accept EXORís superior offer for the company."
June 22, 2015
10:00 EDTAXSOn The Fly: Analyst Downgrade Summary
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07:59 EDTAXSAXIS Capital downgraded to Neutral from Buy at MKM Partners
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07:03 EDTAXSPartnerRe files presentation detailing risks posed by EXOR's offer
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06:26 EDTAXSAXIS Capital downgraded to Neutral from Buy at MKM Partners

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