Axis fee income drops by 22% on lower ceded premium
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Axis fee income drops by 22% on lower ceded premium

Fiona Robertson
29 April 2021
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DONT USE OLD DONT USE

Axis returned to underwriting profit after last year’s Covid losses in the first quarter, but its reinsurance business remained at a slight loss after non-Covid cat losses rose following the winter storms.

Strategic capital partners: Ceded premiums to capital partners dropped by 18% to $243.6mn as the firm halted insurance premium ceded and scaled back reinsurance cessions.

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Fiona Robertson
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