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The carrier has shared insurance and reinsurance risk with ILS partners in the past, but the ILS team reports to Axis Re CEO Steve Arora.
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Thunderstorms in the US and an earthquake in Japan caused minimal losses to ILS.
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The firm reserved $40mn for Ukraine, citing ‘small net losses’ in Re & ILS.
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The reinsurer revealed its Ukraine loss charge excludes aviation.
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Third-party assets under management were up $100mn in Q1 at $3.6bn.
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Lloyds and London "a little bit missing" in enabling creative dialogue'
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In certain areas more collaboration is needed but in others the market will continue to get more diverse as investors respond to post-Irma challenges in differing ways.
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The panel discussed the need to adapt to ESG and climate change
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The broker put ILS capital at $96bn by year end, $1bn lower than mid-2021 but ahead of its $94bn year-end 2020 estimate.
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The carrier posted 6% growth in reinsurance, with primary insurance premiums rising 15%.
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Company's Nephila ILS operations will focus on “significant” cat opportunities.
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Acrisure entered into a definitive agreement with Markel in March to acquire the MGA.