Axis Capital
-
Marcus Pollak, who joins from PartnerRe, will lead underwriting process and portfolio management activities for Axis Re.
-
Anne Kelly will be joining Axis Capital as its global head of ceded reinsurance.
-
A Northshore Re cat bond and a one-off deal with third-party capital partners have helped Axis to reduce its catastrophe exposures.
-
Axis ceded $163.5mn of premium to strategic partners, excluding its Harrington Re vehicle, of a total of $624.2mn in managed premiums.
-
Axis Capital’s latest cat bond has increased by 33.3 percent over the course of marketing, settling at $200mn.
-
Axis Capital increased the amount of premium it ceded to third-party capital providers by 60 percent year-on-year to $343.97mn in the first quarter.
-
Securis will need to find a new partner for its Lloyd's special purpose arrangement (SPA) in 2019 after Axis gave the fund manager notice to discontinue their arrangement, sources told sister publication The Insurance Insider.