Axis fee income drops by $7mn to $11mn in Q3
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Axis fee income drops by $7mn to $11mn in Q3

Liz Bury
27 October 2022
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Axis reported a fall in fee income of 38.9% to $11mn in Q3, as premiums ceded to other strategic partners dropped by more than a third to $86mn.

Premiums ceded to Harrington Re remained steady at around $50m, and premiums ceded to other reinsurers were up 16% to $536mn.

The firm, which in June said it would close its $700mn property reinsurance book, reported pre-tax cat and weather-related...

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