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The incoming CFO brings with him more than 15 years of experience in financial services, insurance and capital markets.

The incoming COO joins from PGGM, where he is currently a director within the credit and insurance-linked investments team.

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.

CEO Laurent Rousseau said the firm would step up actions to reduce performance volatility.

The reinsurer booked a 104% combined ratio in Q1 on higher than expected cat losses and Ukraine claims, with P&C retro ceded premium up 37%.

RenaissanceRe CEO Kevin O’Donnell explained on an earnings call his take on the mid-year renewals and a relatively low impact of the Ukraine war.

Higher interest rates drove investment write-downs that offset a turnaround in underwriting performance after last year’s first quarter was hit by Uri losses.

The pension plan was recognised after ploughing fresh capital into new ILS endeavours, while judges flagged the corporate ILS potential exemplified by logistics firm Prologis. 

The panel discussed the need to adapt to ESG and climate change

The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.

Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist.

The reinsurer said its stop-loss bond required a “partnership” approach to distribution.