Cautious optimism for global credit: AXIS' Silas sees mild growth but stresses tail-risk pricing In Partnership with 02 December 2025 X LinkedIn Email Show more sharing options X LinkedIn Email Print Looking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.