Axis fee income drops in Q1

27 April 2023

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Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

The other income fell by $6mn to $1mn for the quarter.

Ceded premium: The carrier has changed its detailed reporting on premium cessions to strategic partners, after last year exiting the catastrophe reinsurance space.

But

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Axis fee income drops in Q1

Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

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Axis fee income drops in Q1

Axis said lower fee income earned from strategic capital partners was the primary driver of a drop-off in other insurance income for Q1.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Early Hurricane Milton estimates coalesce around $40bn-$50bn

Hurricane Milton: The story so far in five charts

Romeo to join Acrisure Re Bermuda from Aon

Milton could cause sub-5% loss to cat bond market: Icosa Investments

Moody’s RMS stochastic model puts Milton mean wind loss at $25.3bn