Opinion: Axis Re drops property – A move that might confuse, and yet not surprise
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Opinion: Axis Re drops property – A move that might confuse, and yet not surprise

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Axis Capital’s announcement yesterday that it is to call time on its $700mn property reinsurance book may strike some in the market as odd.

The revelation comes just a week after the key 1 June property reinsurance renewal, which this year was one of the most fraught in memory, marked by accelerating treaty pricing and negotiations spreading beyond the 1 June deadline.

It

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