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Axis Capital's CEO Discusses Q3 2011 - Earnings Call Transcript

Axis Capital Holdings Limited ( AXS)

Q3 2011 Earnings Call

November 2, 2011 8:00 am ET


Linda Ventresca – Executive Vice President

John R. Charman – President, Chief Executive Officer & Director

Albert A. Benchimol – Chief Financial Officer


Vinay Misquith – Evercore Partners

Gregory W. Locraft – Morgan Stanley & Co. Incorporated

Graham Y. Tanaka – Tanaka Capital

Ian Gutterman – Adage Capital



Welcome to the third quarter of 2011 Axis Capital earnings conference call and webcast. All participants will be in listen only mode. (Operator Instructions). Please note, this event is being recorded. I would now like to turn the conference over to Linda Ventresca, Executive Vice President.

Linda Ventresca

I am happy to welcome you to our conference call to discuss the financial results for Axis Capital for the third quarter ended September 30, 2011. Our earnings press release and financial supplements were issued yesterday evening after the market closed. If you would like copies, please visit the investor information section of our website We set aside an hour for today’s call which is also available as an audio webcast through the investor relations section of our website. A replay of the teleconference will be available by dialing 877-344-7529 in the US and the international number is 412-317-0088. The conference code for both replay dial in numbers is 10004922.

With me on today’s call are John Charman, our CEO and President and Albert Benchimol, our CFO. Before I turn the call over to John, I will remind everyone that statements made during this call, including the question and answer session, which are not historical facts may be forward-looking statements within the meanings of the US federal securities laws. Forward-looking statements contained in this presentation include, but are not necessarily limited to, information regarding our estimate of losses related to catastrophes, policies and other loss events, general economic, capital and credit market conditions, future growth prospects, financial results, and capital management initiatives, the valuations of losses and loss reserves, investment strategies, investment portfolio and market performance, impact to the marketplace with respect to changes in pricing models, and our expectations regarding pricing and other market conditions.

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