Latest news with #AXIS
Al Bawaba
20-05-2025
- Business
- Al Bawaba
Turkish Airlines Announces First Use of Sompo AXIS Aviation Finance Insurance (SAAFI) Product for New Aircraft Deliveries
Turkish Airlines, a leading global airline, has mandated the first financing structure to use the Sompo AXIS Aviation Finance Insurance (SAAFI), Aviation Non-Payment Insurance (ANPI) product. This transaction, sealed at a signing ceremony in Tokyo, Japan, marks a significant milestone in aviation financing insurance as it is the first time SAAFI has been mandated following its launch earlier this year. Under the terms of the mandate, JP Lease will arrange equity and Sumitomo Mitsui Banking Corporation (SMBC) will provide the debt to Turkish Airlines for the delivery of one A350-900 and one A321-271NX aircraft (both expected in 2026). SMBC's loan is supported 100% with an ANPI policy provided by the SAAFI insurers, Sompo and AXIS. This use of the SAAFI ANPI product in connection with a Japanese Operating Lease with Call Option (JOLCO) structure has allowed Turkish Airlines to significantly lower its all-in cost of financing. The policy was brokered by Willis, a WTW business (NASDAQ: WTW). "We are pleased to be the launching customer of 'SAAFI' with the support of our valued insurers Sompo and AXIS, Insurance broker Willis, our long-term business partners SMBC and JP Lease. As Turkish Airlines, we are committed to participate in the development of innovative solutions that support our growth and fleet renewal strategies. With financing models like SAAFI, we not only enhance our financial flexibility and resilience but also reinforce our leadership in the industry,' said Assoc. Prof. Murat Şeker, Turkish Airlines Chief Financial Officer and Member of the Board and the Executive Committee. Tim Gaul, Financial and Political Risks Underwriter at Sompo said: 'Sompo is honoured to have been mandated by our long-term partner Turkish Airlines to launch the SAAFI product on its inaugural financing of two Airbus aircraft. Sompo has extensive experience in the Aviation Non-Payment Insurance market having been involved in the financing of more than 120 aircraft globally over the past eight years. We believe our partnership with AXIS through SAAFI will be a welcome addition to our current suite of aviation financing products available to our customers, with Turkish Airlines the first of many who will benefit from our additional capacity.' Richard Jelf, Senior Underwriter at AXIS said: 'AXIS is proud to be bringing the SAAFI product to the aircraft finance market alongside Sompo and thrilled to have Turkish Airlines as our first customer. Building on our extensive experience in the aviation sector, SAAFI is an important addition to our product offerings in the Aircraft Non-Payment Insurance space. Through this initiative, AXIS can partner with new and existing customers, playing an important role in both their growth as well as that of the airline industry.' Stuart Ashworth, Managing Director of Financial Solutions, Willis, a WTW business, added: "We are delighted to be able to assist Turkish Airlines and SMBC with this financing. This is also our first SAAFI mandate from Turkish Airlines; an innovative financing solution supporting an innovative, dynamic and forward-thinking airline."
Edinburgh Reporter
19-05-2025
- Health
- Edinburgh Reporter
Patient Access Seminar will explore route to life-changing medicines
On 28 May, Scotland will host its first Patient Access Seminar, a landmark event exploring how patients in Scotland gain access to innovative medicines in Scotland. Taking place at the DoubleTree Hilton hotel, the event will delve into the unique approach, processes and pathways enabling Scottish patients to access vital, innovative medicines at fair prices. Hosted by AXIS, a firm of reimbursement experts in partnership with the Ethical Medicines Industry Group (EMIG), the event will bring together businesses from the Scottish patient access ecosystem. The seminar is intended to highlight the specific processes that make access to medicines easier, and will create opportunities to develop a deeper understanding of the different perspectives of those involved in supporting access of medicines to patients. This unique event will provide an open platform to foster meaningful dialogue and identify practical solutions that can enhance healthcare outcomes in Scotland. 'At the heart of this conference is mutual recognition and collaboration,' said Brenda Dooley, Chief Executive at AXIS and Managing Secretariat of EMIG Scotland. 'This event is about finding common ground, focusing on the strides Scotland has taken to maximise access and doing more of that to ensure patients are at the heart of decision making across the stakeholder community. Exploring Scotland's healthcare landscape The Patient Access Seminar will spotlight the specific strengths of the Scottish system since the publication of the Montgomery report almost 10 years ago – including the Patient and Clinician Engagement (PACE) process and Ultra-Orphan Medicine Pathway facilitating early access to new orphan drugs. While recognising the challenges around expediting access to new treatments – Scotland was ranked twelfth for availability to new medicines in the latest EFPIA Patients W.A.I.T Indicator Report – this event will focus on the innovative approaches and schemes Scotland has taken to support equitable access to promising new medicines, heralding the nation as an example for other countries to follow. Scotland's first Patient Access Seminar will feature two expert-led panel discussions with several keynote speakers, addressing topics such as the role of research and evidence generation, access routes to medicines treating rare diseases, the impact of the PACE approach, and the evolution of the Scottish healthcare system. Speakers include prominent figures shaping the Scottish healthcare landscape, such as Professor Alison Strath, Chief Pharmaceutical Officer for the Scottish Government, Sir Michael Ferguson, Regius Professor of Life Sciences at the University of Dundee, Dr Jane Haley, MBE, Director of Research, MND Scotland and Henry Simmons, Chief Executive, Alzheimer's Scotland. Crucially, the patient voice, delivered through Patient Groups and individuals themselves, will be given the chance to share their views and experiences. By sharing expert insights alongside personal accounts, the event aims to capture the human impact of industry processes and help bridge the gap between policy and practice to ensure patients are at the heart of decision-making across all stakeholders. A catalyst for change Brenda Dooley emphasised the importance of collaboration, and said: 'Scotland has the potential to lead the way in early patient access. But to do so, we need to focus on what works well in the system and do more of it – patients are counting on us all.' The seminar aligns with Scotland's commitment to advancing healthcare innovation while recognising the economic realities of healthcare funding. By shining a light on solutions like streamlined reimbursement processes and enhanced communication among stakeholders, it aims to deliver actionable strategies for overcoming existing barriers. This event is free of charge and will run from 10 am to 4 pm on 28 May at the DoubleTree by Hilton at Edinburgh Airport. Like this: Like Related
Malaysian Reserve
02-05-2025
- Business
- Malaysian Reserve
AXIS Data Evolves into RANGR: Built for the Next Frontier of Operational Intelligence
DALLAS, May 2, 2025 /PRNewswire/ — AXIS Data, a leading force in Palantir Foundry and AIP implementations, today announced its official rebrand to RANGR — a move that signals more than a name change. It's a declaration: The old consulting model is broken. RANGR is lean, embedded and focus on outcomes. Built by operators, not just advisors, RANGR doubles down on what made AXIS data successful — real-world impact, fast-moving teams, and a no-BS approach to solving the toughest operational challenges. 'RANGR isn't just a new name. It's a line in the sand. A sign that we're not slowing down, we're scaling up,' said John Boehm, CEO of RANGR. 'With deeper capabilities, a growing team, and a renewed focus on what matters most — outcomes — we're positioned to guide our clients' operations through the next chapter of digital transformation.' Why the Shift? The rebrand reflects the company's evolution from implementation partner to industry challenger — taking direct aim at outdated consulting models built on inflated hours and shallow insights. RANGR is built for the new reality where data drives decisions. What's different: New Name, Same Grit: AXIS data laid the foundation. RANGR is built to lead. Expanded Capabilities: A growing team of Palantir veterans, engineers, and strategic operators. Outcome-First Focus: Every solution is designed to move the needle, not just check a box. What Remains Unchanged RANGR remains a Certified Palantir Partner, trusted to deploy Foundry and AIP across mission-critical operations. The same proven team continues to lead enterprise-wide rollouts — from startups to Fortune 500s. Commitment to platform adoption, acceleration, and operational value at scale remains the bedrock of their delivery. Built to Serve the Future With clients across energy, telecom, CPG, and healthcare, RANGR has already delivered billions in operational savings — unifying supply chains, modernizing field ops, optimizing pricing, and cutting through data chaos. 'We don't just implement software,' said Dom Pitot, Chief Client Officer. 'We embed, execute, and deliver results you can measure. This rebrand reflects our belief that strategy should walk the factory floor, not sit on the sidelines.' RANGR is also scaling its delivery engine, launching developer communities, and investing in the next generation of data operators — charting a new path for how advanced technologies like AI and Palantir platforms are deployed. About RANGRRANGR is a certified Palantir implementation partner helping companies navigate complexity, deploy smarter systems, and drive meaningful outcomes with the data they already have. From capital planning to supply chain clarity, RANGR replaces traditional consulting bloat with speed, focus, and grit. Better Decisions. Bigger Outcomes. Learn more at Contact: Dave KorinekRANGR Data | Chief Marketing Officer394555@ (858) 395-6726
Zawya
29-04-2025
- Business
- Zawya
URBNZ Developments completes 40% AXIS project constructions
URBNZ Developments announced that construction progress at AXIS THREE BUSINESS MALL project, located in the Northern Expansions area of 6th of October city, has reached 40%. This comes as part of the company's plan to accelerate construction rates and deliver the project according to the scheduled timelines. Eng. Islam Mostafa, Founder and Chairman of URBNZ Developments, stated that adhering to construction timelines is a top priority for the company, considering it a key factor in strengthening client and investor trust. Mostafa pointed out that commitment to execution and delivery schedules reflects the company's seriousness and strong financial position. He added that the company is advancing ahead of schedule to mitigate the impact of rising costs, highlighting that this proactive approach strengthens URBNZ Developments' ability to expand with confidence and stability in the coming period. He explained that AXIS THREE BUSINESS MALL is the company's first project in the real estate development sector. It is a mixed-use commercial, administrative, and medical project, strategically located in a high-population density area, ensuring high occupancy rates. The project is situated in the Northern Expansions area of 6th of October City and features multi-use units with various sizes, along with flexible and convenient payment systems for clients, he noted. Mostafa disclosed that the project is being developed in collaboration with a leading contracting company known for its strong track record and commitment to delivering high-quality work in line with the specified standards. He said, 'Collaborating with a skilled and experienced executive partner is crucial to ensuring the project is delivered according to the agreed specifications and meets the highest quality standards.' He noted that the company plans to soon partner with a facility management and property management firm to enhance the project's investment value, ensure top-quality operations, and guarantee the best return on investment for its clients. He revealed that a new phase of the project is being launched during this period, offering units with various sizes and flexible payment methods starting with a down payment of 0% and payment plan of up to 7 years. These methods present an exceptional opportunity for clients seeking secure investments with strong returns, especially given the project's prime location. He pointed out that URBNZ Developments has plans for future expansion, including the launch of new investment-oriented projects in the West Cairo area. The company intends to eventually extend its expansion into the residential sector or the North Coast area, in line with its strategy to offer diverse real estate products that meet market needs.
Yahoo
24-04-2025
- Business
- Yahoo
AXIS Completes Previously Announced Transaction With Enstar
PEMBROKE, Bermuda, April 24, 2025 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ('AXIS Capital' or 'AXIS' or the 'Company') (NYSE: AXS) and Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today that they have completed a loss portfolio transfer ('LPT') transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at September 30, 2024, and is structured as a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reinsurance segment reserves to Enstar. The LPT reinsurance agreement was provided by Enstar's wholly owned subsidiary, Cavello Bay Reinsurance Limited, which has S&P and AM Best 'A' financial strength ratings. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About AXIS CapitalAXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.1 billion at September 30, 2024, and locations in Bermuda, the United States, Europe, Singapore, and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at About Enstar Enstar is a NASDAQ-listed global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see AXIS Contacts: Enstar Contacts: For Investors: For Investors: Cliff Gallant Matthew Kirk +1 (415) 262-6843 +1 (201) 743-7734 investorrelations@ For Media: For Media: Nichola Liboro Jenna Kerr +1 (917) 705-4579 +44 (0) 771-4487-187 communications@ Sign in to access your portfolio
