AXIS Agrees to Acquire the Renewal Rights to Kemper's D&O Business.Business Editors PEMBROKE Pembroke, town, Canada Pembroke (pĕm`brōk), town (1991 pop. 13,997), SE Ont., Canada, NW of Ottawa, on the Ottawa River. It is a lumbering center and also has steel and electric-products factories. , Bermuda--(BUSINESS WIRE)--Jan. 30, 2003 AXIS Capital Holdings Limited announced today that its US subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper's Financial Insurance Solutions Group. In addition, John Kuhn John Kuhn - pronounced 'KOON' - (born September 9, 1982) is a graduate of Shippensburg University of Pennsylvania and a professional football player for the Green Bay Packers. , President of Financial Insurance Solutions, will join AXIS with a team of over 50 staff to head this new unit. Dennis B. Reding Reding may refer to: People
2. EPL - Experimental Programming Language. 3. EPL - Eden Programming Language. U Washington. Based on Concurrent Euclid and used with the Eden distributed OS. Influenced Emerald and Distributed Smalltalk. underwriters in the US along with an acknowledged professional and experienced underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. team. This new business unit will complement our existing portfolio of products and capabilities, and will fit nicely within our existing infrastructure." AXIS Capital Holdings Limited is a Bermuda based company with wholly owned (re)insurance subsidiaries which focus on reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and specialty lines of insurance. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release or any other written or oral statements made by or on behalf of the Company may include forward-looking statements that reflect the Company's current views with respect to future events and financial performance. All statements other than statements of historical fact included in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may,'' "will,'' "expect,'' "intend,'' "estimate,'' "anticipate,'' "believe'' or "continue'' or their negative or variations or similar terminology. When the Company makes forward-looking statements, the Company is basing them on its management's beliefs and assumptions, using information currently available to the Company. Such beliefs and assumptions are subject to risks and uncertainties. If these beliefs or assumptions prove to be incorrect, the Company may be adversely affected. In addition, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. |
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