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25 February 2018

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Third-party cat support leaps at Axis

Lucy Jones 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...

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This article was published as part of issue February 2018/2

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