Axis fee income drops in Q1

27 April 2023

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Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

The other income fell by $6mn to $1mn for the quarter.

Ceded premium: The carrier has changed its detailed reporting on premium cessions to strategic partners, after last year exiting the catastrophe reinsurance space.

But

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Axis fee income drops in Q1

Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

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Axis fee income drops in Q1

Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

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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