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Bulletin: AXIS Capital Holdings Ltd. And Subsidiaries Ratings Unaffected By CEO?s Succession Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 12, 2011--Standard & Poor's Ratings Services said today that its ratings on Bermuda-based AXIS Capital Holdings Ltd. (A-/Stable/--; NYSE:AXS) and its operating subsidiaries are not affected by the announcement of the retirement of the chief executive officer (CEO) and president, John R. Charman, and the promotion of the company's current chief financial officer (CFO) Albert Benchimol to the CEO and president position effective May 3, 2012. Mr. Charman will remain with the company as chairman of the board of directors, succeeding Michael A. Butt, who is stepping down but will continue to serve as a member of the board of directors. AXIS has initiated a search for a successor to Mr. Benchimol as the...
Companies mentioned in this report are: AXIS Capital Holdings Ltd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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