Axis’s April renewals yielded 9% rate, 85% retention amid reinsurance reposition: Tizzio
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Axis’s April renewals yielded 9% rate, 85% retention amid reinsurance reposition: Tizzio

Jairo Ibarra
27 April 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
OLD DONT USE OLD

Axis Capital’s incoming CEO, Vince Tizzio, said April reinsurance renewals yielded a 9% rate increase and 85% retention ratio, including a “cutback” on one cedant.

On a call with analysts, the executive added that the carrier had a reinsurance premium retention rate of 83% in Q1 and an average rate rise of 12% in renewed business, “as we nonrenewed business that in our estimation...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsAxis Capital
jairo ibarra/jairo ibarra ii ils.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article