AXIS Capital Holdings Ltd has announced that Marsh & McLennan (MMC) subsidiary Marsh & McLennan Risk Capital Holdings, Ltd., has agreed to sell 3.7m of AXIS Capital's common shares in a block trade.
Merrill Lynch has agreed to purchase the common shares from Marsh Risk Capital and subsequently sell the shares to public investors, the announcement said.
"The common shares were offered under AXIS Capital's Form S-3 shelf registration statement and represent approximately 50% of Marsh Risk Capital's current ownership of AXIS Capital's common shares,” a statement said.
Marsh Risk Capital will receive all net proceeds from the sale. After the completion of the sale, Marsh Risk Capital will retain approximately 3.7m common shares.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
