Axis Capital
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The executive has also worked for Guy Carpenter during her 20-year career. -
Axis Capital’s fee income from strategic capital partners grew 39% to $85mn in the year to 31 December 2024, up from $61mn the year prior, the firm’s Q4 earnings release said.
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Strong growth in fee income builds on the favourable rating environment.
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The company’s reinsurance premiums ceded fell by 58% to $149mn.
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The firm also posted a 56% increase in fee income.
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The executive will replace Habib Kattan, who joined the company last summer.
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Sub-1% management fee and performance fee-only structures have evolved in ILS.
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The rise in ceded reinsurance premiums written impacted net premiums written.
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The firm is focusing on developing specialty offerings.
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The ILS platform ceded around 40% of its total managed premiums of $1.8bn.
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The $75mn Long Walk Re deal secured broad market support from ILS investors.
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Coburn will report to Jason Busti, Axis Re president of North America.
