Axis Capital
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The president and CEO urges wordings precision to avoid cyber-related litigation.
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The carrier has reduced its frequency risk while lifting exposure to tail events.
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Bobby Kwan will help manage the reinsurer’s property portfolio in the region.
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The insurer said it was two thirds of the way to attaching a UK reinsurance treaty. -
This comes after Stone Ridge, one of the firm's third-party providers, reduced its sidecar holdings.
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Carrier books $10mn loss on WHO pandemic bond
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Countless other insurance executives have made similar remarks as they face the prospect of legislators pushing through such bills.
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After 13 years at Axis, Kiernan has completed gardening leave and taken up a new role.
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Michael Butt said the company is in “good hands”.
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The (re)insurer has cut its peak risk exposures by more than a third in some cases.
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Fee income from capital partners nearly doubled to $80.2mn in 2019, up from $48.5mn in 2018.
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The (re)insurer faced increased losses from Hurricane Irma alongside Typhoon Hagibis and wildfire claims.
