Hendrick: Rates not high enough to reverse Axa XL’s property cat reduction

02 August 2019

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Property catastrophe rate increases are not sufficient enough to change Axa XL’s decision to cut back on volatile short-tail business, the chief executive Greg Hendrick told analysts yesterday.

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Hendrick: Rates not high enough to reverse Axa XL’s property cat reduction

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Hendrick: Rates not high enough to reverse Axa XL’s property cat reduction

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM