Axis can manage potential loss of business from property cat exit: CEO Benchimol
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Axis can manage potential loss of business from property cat exit: CEO Benchimol

Axis logo bermuda 4.jpg

Axis Capital can manage the risk of losing some specialty reinsurance business due to its move out of the property cat market, CEO Albert Benchimol said during the carrier’s Q3 conference call.

Answering a question on whether reinsurers could leverage cat capacity to obtain more attractive terms on casualty business, Benchimol recognized the risk exists, but said the transition to a specialty carrier with “high profitability and low volatility” was more...

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