Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Third-party cat support leaps at Axis
- 13 February 2018
Axis Capital has $1.9bn of third-party capital support for 2018, of which around 55 percent is dedicated to property cat risk.
The figures indicate the carrier has more than $1.05bn of alternative coverage for its property cat portfolio.
This represents a significant expansion in the amount of business the firm cedes to third-party capital, Axis management noted during a fourth quarter earnings call.
The $1.9bn total figure would include its $600mn Harrington Re joint venture with Blackstone.
The reinsurer is...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial