Oct 7 (Reuters) - AXIS Capital Holdings Ltd AXS.N :
* Announces initiatives to support profitable growth and enhance shareholder
value
* Company to record a reorganization charge of approximately $51 million in the
third quarter
* Says retail insurance operations in Australia to be wound down
* Company anticipates a workforce reduction of approximately 100 positions
* Says board of directors plans to review its share repurchase and dividend
policy at December 2015 regular meeting
* Workforce reductions primarily in its corporate and select insurance
operations
* Anticipated annual run-rate pre-tax cost savings of approximately $30 million
to be substantially realized in 2016
* Restructuring actions to result in a pre-tax reorganization charge of $0.51
per share during Q3
* Ecognized an impairment of certain customer-based intangibles following
closure of its retail insurance operations in Australia
* Says to continue serving Australian market through its international
wholesale insurance and global reinsurance operations
* Source text for Eikon ID:nBw2YJyl5a
* Further company coverage AXS.N