Reinsurers

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.

Models will need to steepen the curve in the tail to reflect severe event frequency.

Non-proportional business accounted for 34% of its total.

CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.

The platform will match partner capital to provide capacity for reinsurance placements.

Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.

The reinsurer has issued updated pricing for the instrument.

The reinsurer has made improvements to its life and health segment, it said.

The carrier can claim separately for the Palisades and Eaton fires if necessary.

The carrier has received more than 3,600 claims from LA wildfires.

Amin Touahri spent five years in a variety of roles at Munich Re.

The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.