Axis Capital
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Ryan Alternative Capital Re was launched in partnership with Axis Capital. -
Reinsurers are confident on cat rates and ready to deploy ILS capital.
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The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
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The headcount at the start-up now stands at around 40.
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Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
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The carrier increased its cession by around 13% year over year.
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The executive has also worked for Guy Carpenter during her 20-year career.
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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.
