AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release fina
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Hurricane Ian is just off the Gulf Coast of Florida and approaching landfall near Cape Coral as a Category 4 storm with maximum sustained winds of 155 miles per hour. On Wednesday, several Wall Street analysts said it''s still too soon to project the potential impact Ian will have on insurance and reinsurance stocks. Reinsurance Stocks: Bank of America analyst Joshua Shanker said investors will get a clearer picture of the damage from Ian in the next 48 hours. Ian could be a significant catalyst for reinsurance stocks, including Arch Capital Group Ltd. (NASDAQ: ACGL ), AXIS Capital Holdings Ltd (NYSE: AXS ), Everest Re Group Ltd (NYSE: RE ) and RenaissanceRe Holdings Ltd. (NYSE: RNR ), the analyst said. "It is not unreasonable to … Full story available on Benzinga.com
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AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release financial results for the third quarter ended September 30, 2022 on Wednesday, October 26, 2022 after the close of the financial markets. Albert Benchimol, President and Chief Executive Officer, and Peter Vogt, Chief Financial Officer, will host an investor teleconference,
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Axis Capital Holdings (NYSE:AXS) declares $0.43/share quarterly dividend, in line with previous.Forward yield 3.3%Payable Oct. 18; for shareholders of record Oct. 3; ex-div Sept.
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PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS--AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.43 per common share payable on October 18, 2022 to shareholders of record at the close of business on October 3, 2022. In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on October 18, 2022 to shareholders of record at the close
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Reinsurance Carriers Market Analysis & Forecast for Next 5 Years New Jersey, NJ -- ( SBWIRE ) -- 09/19/2022 -- A new intelligence report released by HTF MI with title "Global Reinsurance Carriers Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Reinsurance Carriers offers energetic visions to conclude market size, opportunities, growth pattern, and competitive surroundings. The research is derived through primary and secondary sourced data and includes both qualitative and quantitative detailing. Some of the key players profiled in the study are Munich Reinsurance Company (Germany), Swiss Re Ltd. (Switzerland), SCOR S.E. (France), Berkshire Hathaway Inc. (United States), China Reinsurance (Group) Corporation, PartnerRe Ltd. (Bermuda), Transatlantic Holdings, Inc. (United States), Sompo International Holdings, Ltd. (Bermuda), The Toa Reinsurance Company, Limited (Japan) and Axis Capital Holdings Limited (Bermuda) etc.
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AXIS Capital Holdings Limited ("AXIS" or the "Company") (NYSE: AXS), today announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale market. T…
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Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers, the official said.
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Stocks to Watch: ICICI Securities, Axis Capital and Citigroup Global Markets are among the 5 investment bankers selected to manage the sale of the government''s 29.53% residual stake in Hindustan Zinc
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Mumbai: The activity in the primary market has picked up of late boosted by the rebound in equities in the past two months. Go Digit General Insurance, Concord Biotech, an Ahmedabad-based firm backed by RARE Enterprises, and Kolkata-based Balaji Solutions have filed their draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI), on Tuesday to launch initial public offerings. These three companies could collectively raise around ₹7,500 crore through IPOs.While Prem Watsa''s Fairfax-backed Go Digit General Insurance''s IPO is expected to be of around ₹5,000 crore, Concord Biotech and Balaji Solutions are likely to raise ₹2,000 crore and ₹400 crore, respectively.So far in 2022, about 63 companies have filed draft papers with Sebi, while 17 companies, including LIC, have raised about ₹41,140 crore from the IPOs. About 71 companies which have received Sebi approval are waiting for a better time to launch IPOs.The public issue of Go Digit General Insurance, a digital full-stack non-life insurance company, consists of a fresh issue of shares worth up to ₹1,250 crore and an offer-for-sale (OFS) of up to 10.94 crore shares by the promoter and shareholders.93603839In July last year, Digit, one of the first unicorns of 2021, had raised $200 million from existing as well as new investors Faering Capital, Sequoia Capital India and IIFL Alternate Asset Managers, at a valuation of $3.5 billion.
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Five investment bankers have been selected to manage the sale of the government''s 29.53% residual stake in Hindustan Zinc Ltd.
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The Department of Investment and Public Asset Management (DIPAM) had in early July invited bids from merchant bankers for managing Hindustan Zinc Ltd (HZL) residual stake and set July 28 as the deadline for putting bids.
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ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government''s 29.53 per cent residual stake in Hindustan Zinc Ltd, an official said on Tuesday.
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AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” [Excellent] of the operating subsidiaries of AXIS Capital Holdings Limited. The ratings agency said, “The ratings reflect AXIS’ balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, […]
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ICICI Securities, SBI Capital Markets, HDFC Bank, IIFL Securities, Axis Capital and Citigroup Global Markets will make their presentations via video conferencing before the government officials on Friday, highlighting their plans in managing the offer for sale
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NEW YORK , Aug. 9, 2022 /PRNewswire/ -- The " Reinsurance Market by Product (Non-life Reinsurance and Life Insurance) and Geography ( Europe , APAC, North America , Middle East and Africa , and South America ) - Forecast and Analysis 2022-2026" report has been added to Technavio''s offering. The potential growth difference for the reinsurance market size between 2021 and 2026 is USD 328.62 bn . To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report Now Key Market Dynamics Market Driver: The i ncreasing awareness of insurance products in emerging markets is driving the market. In these countries, the insurance market grew sluggishly in the past few years due to a lack of awareness. However, the market for insurance and reinsurance is expected to grow in these countries in the coming years owing to the increase in awareness. This is increasing the sale of insurance in such countries. Market Challenge: Vulnerability to cybercrimes is challenging market growth. The misappropriation of data on devices or the cloud and the selling of clients'' confidential information to competitors can affect the market.
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Published on August 7th, 2022, by Felix Martinez There is no exact definition for blue chip stocks. We define it as a stock with at least ten consecutive years of dividend increases. We believe an established track record of annual dividend increases going back at least a decade shows a company’s ability to generate steady […] The post Blue Chip Stocks In Focus: Axis Capital Holdings appeared first on Sure Dividend .
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The fintech giant’s ability to acquire customers and merchants is seen as something that can help Paytm considering the current environment when many startups might need to revisit their business models.
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AXS earnings call for the period ending June 30, 2022.
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AXIS Capital Holdings Limited (NYSE:NYSE:AXS) Q2 2022 Earnings Conference Call July 27, 2022 9:30 am ET Corporate Participants Mei Zhang - Interim Head of IR Albert Benchimol - President…
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Related Stocks: VOO , VEU , SPY , SJIU , VEA ,
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The following is a discussion and analysis of our results of operations for the three and six months ended June 30, 2022 and 2021 and our financial condition at June 30, 2022 and December 31, 2021. This should be read in conjunction with Item 1'' Consolidated Financial Statements'' of this report and our Management''s Discussion and Analysis of Financial…
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Axis Capital Holdings press release (AXS): Q2 GAAP EPS of $0.32 misses by $0.90.Revenue of $1.19B (-11.2% Y/Y) misses by $110M.Current accident year combined ratio,…
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AXIS CAPITAL REPORTS SECOND QUARTER NET INCOME AVAILABLE TO COMMON SHAREHOLDERS OF $27 MILLION, or $0.32 PER DILUTED COMMON SHARE AND OPERATING INCOME OF $149 MILLION, or $1.74 PER DILUTED COMMON SHARE. Current accident year combined ratio, excluding catastrophe and weather-related losses of 87.8%, an improvement of 1.2 points, compared to the prior year…
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Axis Capital Holdings (AXS) is scheduled to announce Q2 earnings results on Tuesday, July 26th, after market close.The consensus EPS Estimate is $1.53 (-23.5% Y/Y) and the consensus…
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Axis Capital Holdings (NYSE: AXS ) is set to give its latest quarterly earnings report on Tuesday, 2022-07-26. Here''s what investors need to know before the announcement. Analysts estimate that Axis Capital Holdings will report an earnings per share (EPS) of $1.49. Axis Capital Holdings bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, … Full story available on Benzinga.com
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We gave a neutral rating to Axis Capital (AXS) when we covered it last. Check out why we are stamping a buy rating for AXS stock now.
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Shares of Tesla (NASDAQ: TSLA ) have declined by more than 40% year-to-date as Tesla bears rejoice. Meanwhile, AXS Investment’s new leveraged exchange-traded fund (ETF) seeks to gain off TSLA stock’s losses. The AXS TSLA Bear Daily ETF (NASDAQ: TSLQ ) officially launched today and will provide 1x inverse exposure to Tesla, before fees and expenses. AXS also launched other ETFs today, including funds that offer 2x exposure and inverse 2x exposure to Nike (NYSE: NKE ) and Pfizer (NYSE: PFE ). Leveraged single-stock ETFs are already prevalent in Europe, but these will be the first of their kind in the U.S. AXS CEO Greg Bassuk explained: “Whether it is powerful inflation fighting tools, ways to express views on innovation, or a host of other novel investments that previously were unavailable to investors, our goal remains to be the leader in providing investors with access to the tools needed to build portfolios and to trade effectively in today’s volatile markets.” Let’s get into the details.
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PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #earnings--AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2022, on Tuesday, July 26, 2022, after the close of the financial markets. Albert Benchimol, President and Chief Executive Officer, and Peter Vogt, Chief Financial Officer, will host an investor teleconference, including a question and answer period, on Wednesday, July 27, 2022, at 9:30
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New Delhi, June 20 Mining mogul Anil Agarwal''s Vedanta Ltd on Monday put on sale its copper smelter plant in Tuticorin in Tamil Nadu, which was shut four years ago after 13 people were killed in a police firing on protesters agitating against alleged pollution by the unit. In newspaper advertisements, the company sought initial bids, called an Expression of Interest (EoI), for the plant having capacity to produce 4,00,000 tonnes a year by July 4. Axis Capital is helping the firm with the transaction. The Tamil Nadu government had ordered the permanent closure of the unit in the port city of Thoothukudi in May 2018 following violent protests. The company had in past repeatedly denied allegations of its plant polluting the local environment and had moved the Supreme Court for the opening of the unit. But the apex court had so far not given a clear go-ahead. A company spokesperson said the Tuticorin plant is a national asset that has been catering to 40 per cent of the domestic demand for copper and has played an integral role in the country''s self-sufficiency in copper. "In the best interest of the country and the people of Tamil Nadu, we are exploring options to make sure that the plant and the assets are best utilised to meet the growing demand of the nation," the spokesperson said.
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Vedanta Ltd has decided to put its 4,00,000 ton per annum (tpa) copper smelter plant and refining complex at Tuticorin for sale. The copper smelter plant complex is known as Sterlite Copper. The company along with Axis Capital has called for Expression of Interest (EoI) for its smelter complex (primary and secondary), sulphuric acid plant, copper refinery, continuous copper rod plant, phosphoric acid plant, effluent treatment plant, 160 MW captive power plant, reverse osmosis units, oxygen generation unit and residential complex with amenities. The stock has plunged over 13% in trade today.
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Today’s update gives some nsight into the Most Bought and Sold Securities from retail investors over the last seven days. Top 5 Purchased Securities This Week Axis Capital Holdings Limited (NYSE:AXS) Axis Capital is a group of companies that offer various risk and transfer products and services through subsidiaries and branch networks in Bermuda, the […]
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Motilal Oswal, Axis Capital, Nomura, Kotak Institutional Equities, YES Securities and ICICI Securities maintained a ''buy'' rating on the stock; while Morgan Stanley and JP Morgan have maintained ''overweight'' stance on the stock.
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Some of the best ETFs and alternative investments might be a way to diversify, says Greg Bassuk, CEO of AXS.
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MUMBAI: The Indian digital payment system and financial technology company, Paytm has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with the market regulator SEBI, with a target to raise around Rs 16,600 crore. As per DRHP, the company said that it will issue fresh shares worth Rs 8,300 crore and the existing shareholders will sell stake worth up to Rs 8,300 crore through offers for sale (OFS). Paytm''s founder Vijay Shekhar Sharma, Alibaba.com Singapore, Antfin (Netherlands), Elevation Capital, Saif Partners, SVF Panther (Cayman) and BH International Holdings will sell stake in the OFS. The company also retains the option, in discussion with BRLMs, to undertake a pre-IPO placement of Rs 2,000 crore, subject to relevant approvals. If the pre-IPO placement is completed, the fresh Issue size will be reduced to that extent. Paytm would use the IPO proceeds to strengthen its payment ecosystem and for new business initiatives and acquisitions. Around 75 percent of the net offer has been reserved for qualified institutional buyers and up to 60 percent of the QIB portion may be allocated to anchor investors.
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Axis Re, the reinsurance business segment of Axis Capital Holdings Ltd. has promoted three leaders within its reinsurance segment. Simon Stirnemann has been promoted to Axis Re
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New Global Head of AXIS ILS appointed Submitted 14/07/2021 - 9:36am AXIS Capital Holdings Limited (AXIS Capital) has appointed Chris Caponigro as Global Head of AXIS ILS and rebranded its third party capital unit as AXIS ILS. Read the full story at Hedgeweek Like this article? Sign up to our free newsletter Related Topics Moves & Appointments
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AXIS Capital has appointed Chris Caponigro to lead its newly-rebranded Insurance Linked Securities (ILS) unit as Global Head. Caponigro will oversee the companys third party capital related activities currently under management across its reinsurance and Insurance segments. He will report to AXIS Re Chief Executive Steve Arora and will be based out of the firms [] The post AXIS adds Everest Res Caponigro to lead overhauled ILS unit appeared first on ReinsuranceNe.ws .
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PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the appointment of Chris Caponigro as Global Head of AXIS ILS and the rebranding of its third party capital unit as AXIS ILS. Mr. Caponigro will oversee the Companys activities related to third party capital under management, supporting efforts across its Reinsurance and Insurance segments. He will report to AXIS Re CEO Steve Arora and will be based out of the Companys New York and N
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OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of the operating subsidiaries of AXIS Capital Holdings Limited (Pembroke, Bermuda), collectively referred to as AXIS. Additionally, AM Best has affirmed the Long-Term ICR of bbb+ (Good) and the existing indicative Long-Term Issue Credit Ratings (Long-Term IR) of AXIS Capital Holdings Limited. The outlook of these Credit
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AXIS Re the reinsurance business segment of AXIS Capital Holdings has appointed Matt LoPiccolo as Strategic Account Executive, Global Brokers for its client engagement initiative, AXIS Re Strategic Partners. LoPiccolo joins AXIS Re after serving as Head of US Digital Distribution within the companys insurance segment. He will continue to be based in New York [] The post AXIS Re hires Lopiccolo to drive global broker engagement appeared first on ReinsuranceNe.ws .
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PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the appointment of Matt LoPiccolo as Strategic Account Executive, Global Brokers for its client engagement initiative, AXIS Re Strategic Partners. Mr. LoPiccolo joins the Reinsurance team after having served as Head of US Digital Distribution within the Companys Insurance segment. He will continue to be based in New York and will report to
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Axis Capital, JM Financial and Kotak Mahindra Capital are the merchant bankers to the issue. The equity shares of the company will be listed on the NSE and the BSE.
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Announcement of Periodic Review: Moody''s announces completion of a periodic review of ratings of AXIS Capital Holdings Limited Vollständigen Artikel bei Moodys lesen
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Winners of this years Agricultural Exhibition schools competitions shared $12,000 in prize money yesterday. Several public and private schools received cheques for their participation in the virtual Ag show. First place winners received $1,150, while second place won $950 and third place won $500. Axis Capital, an insurance and reinsurance firm which funded this years Ag Show, donated the cash to the top three submissions on the preschool, primary school and middle school categories. Two schools were also selected for the secondary school and extraordinary school categories. Cathy Bassett, a volunteer schools coordinator for the Agricultural Exhibition, said: Wed really like to thank Axis Capital for all theyve done. Had they not stepped up and did what they did, we would not be here today. The winning schools were: Preschool: Southampton Preschool (1st place), Devonshire Preschool (2nd place), St Georges Preschool (3rd place) Primary school: St Georges Preparatory School (1st place), Somerset Primary School (2nd place), East End Primary School in St Georges (3rd place) Middle school: Sandys Middle School (1st place), Mount Saint Agnes in Hamilton (2nd place), Warwick Academy (3rd place) Secondary school: Warwick Academy (1st place), Berkeley Institute in Pembroke (2nd place) Extraordinary schools: K Margaret Carter Centre in Devonshire (1st place), Dame Marjorie Bean Hope Academy, also in Devonshire (2nd place)
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NEW DELHI: Chemplast Sanmar and Tatva Chintan Pharma Chem have received capital markets regulator Sebi''s go ahead to raise Rs 3,950 crore collectively through initial share sales.Chennai-based Chemplast Sanmar filed preliminary IPO papers in May to raise Rs 3,500 crore, while specialty chemical manufacturing company Tatva Chintan Pharma Chem approached Sebi with its draft papers in April to garner Rs 450 crore through its initial public offering (IPO).Chemplast Sanmar and Tatva Chintan Pharma Chem obtained Sebi''s observations on July 2 and June 30 respectively, an update with Sebi showed on Monday.Sebi''s observations are necessary for any company to launch public issues like IPO, follow on public offer (FPO) and rights issue.Going by the draft papers, Chemplast Sanmar''s Rs 3,500 crore IPO comprises fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore.The offer for sale comprises sale of shares worth Rs 1,850 crore by Sanmar Holdings Ltd and Rs 150 crore by Sanmar Engineering Services Ltd.Chemplast Sanmar is a leading specialty chemicals manufacturer with focus on specialty paste PVC (polyvinyl chloride) resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.The company would utilise an aggregate amount of Rs 1,238.25 crore from the net proceeds towards early redemption of the non-convertible debentures (NCDs) issued by it.
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Chemplast Sanmar and Tatva Chintan Pharma Chem have received capital markets regulator Sebi''s go ahead to raise Rs 3,950 crore collectively through initial share sales. Chennai-based Chemplast Sanmar filed preliminary IPO papers in May to raise Rs 3,500 crore, while specialty chemical manufacturing company Tatva Chintan Pharma Chem approached Sebi with its draft papers in April to garner Rs 450 crore through its initial public offering (IPO). Chemplast Sanmar and Tatva Chintan Pharma Chem obtained Sebi''s observations on July 2 and June 30 respectively, an update with Sebi showed on Monday. Sebi''s observations are necessary for any company to launch public issues like IPO, follow on public offer (FPO) and rights issue. Going by the draft papers, Chemplast Sanmar''s Rs 3,500 crore IPO comprises fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore. The offer for sale comprises sale of shares worth Rs 1,850 crore by Sanmar Holdings Ltd and Rs 150 crore by Sanmar Engineering Services Ltd.
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These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires follows. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced that Nicole Hanhart has joined AXIS Re
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Authored by AXIS Capital
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Nicole Hanhart has joined Axis Re as property underwriter, EMEA & Latin America. She will be responsible for underwriting a property treaty portfolio for Latin America, and will work in partnership with the underwriting team responsible for this region. Bermudian Gino Smith, head of property, EMEA & Latin America at Axis Re, said: We are delighted to welcome Nicole to Axis Re. She brings strong technical underwriting acumen as well as an extensive client and broker network to the Axis Re team. Nicoles experience and expertise will enable us to continue to develop and execute our underwriting strategy for this region which forms an integral part of our overall global property strategy. The company said Ms Hanhart joins Axis Re following more than 20 years with Partner Re, where she was most recently a senior underwriter with the Global Catastrophe team. Her underwriting experience includes assignments in Chile, Miami and Zurich and stretches across Latin America, the Caribbean and Bermuda, and Europe.
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