Axis Capital prepares to place $3bn reinsurance unit up for sale

Adam McNestrie,

27 April 2022

Axis Capital is preparing to sell its ~$3bn GWP reinsurance segment, as CEO Albert Benchimol prepares a major strategic repositioning of the Bermudian as a specialty insurer, this publication can reveal.

Sources said that investment bank Jefferies has been retained, with former Credit Suisse deal banker Alejandro Przygoda leading the mandate.

The

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Topics

News M&A Re/insurers Axis Capital Bermuda

Adam McNestrie

EDITOR-AT-LARGE

Rachel Dalton

Lead Reporter