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The company’s reinsurance business also has some exposure, the executive said.
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The index delivered a total return of 1.29% for the month of December.
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Standards and guidelines address institutional investors’ concerns over valuation risks.
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Menzinger succeeds Rowan Douglas, CEO of climate risk & resilience at Howden.
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The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
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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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The capital partners unit was launched via London Bridge 2 in Lloyd’s last year.
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The bond went on watch after Mercury said it would exceed its $150mn retention.
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The Floridian also expects to report its “best earnings quarter” for Q4 2024.
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Models will need to steepen the curve in the tail to reflect severe event frequency.
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Company touts growing investor demand for Asian cat risks.
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Non-proportional business accounted for 34% of its total.