This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AXIS Re Limited To Open Representative Office In Brazil

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) announced today that AXIS Re Limited will open AXIS Re Brazil, a new representative office in São Paulo, Brazil, established to source property and casualty business from Brazil and the Southern Cone.

Karl Mayr, CEO and President of AXIS Re Europe, commented, “AXIS Re has identified Latin America as a major growth opportunity for property and casualty reinsurance. Having established a significant market position in the Latin American credit and bond markets over the last two years, it is a natural progression to add traditional property and casualty lines to our offerings and develop broad relationships in the region. Adding São Paulo as a hub to source property and casualty business for Brazil and the Southern Cone region is a logical step given the increasing importance of the Brazilian and regional economies.”

AXIS Re Europe Latin American Property and Casualty business is led by Marketing Director Bruno Krenboeck, who is based in Zurich, Switzerland. Alain Derron, formerly based in Zurich as Vice President Latin America, with extensive experience in the Brazilian market, has relocated to São Paulo as the General Manager of AXIS Re Brazil. He will be supported by Jarbas Coimbra, Commercial Officer Credit & Bond for the Brazilian market.

In March 2011, AXIS Re Limited, an Irish operating subsidiary of AXIS Capital, was approved to operate under admitted reinsurer status in Brazil. AXIS Re Europe, based in Zurich, Switzerland, is a branch office of AXIS Re Limited.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at December 31, 2011 of $5.4 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s Investors Service. For more information about AXIS Capital, visit our website at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs