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The carrier also signed up 50 percent more investors during the July renewal.
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Axis ceded $163.5mn of premium to strategic partners, excluding its Harrington Re vehicle, of a total of $624.2mn in managed premiums.
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The carrier increased its loss reserves for Hurricane Matthew but did not update its Irma claims estimates.
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Lancashire’s asset management platform took a second consecutive quarter of losses, but its fee income was up after raising additional capital. -
Former CEO Rick Welsh has left the company as it prepares for a rebrand.
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Jay Green moves back to Guy Carpenter’s capital markets division as it expands the ILS team.
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Richard Slater and Adam Champion have been hired at Brit’s new collateralised reinsurance vehicle Sussex Capital.
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The ecclesiastical carrier works with unnamed global reinsurers to provide coverage which it claims as a first for Italy.
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The Florida insurer has put a smaller quota share in place on its homeowners business.
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The insurance merchant bank is planning to feed most of the fund’s capital into a quota share retrocession contract with Iris Re.
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Coastal dwellers in Florida would be hardest hit by the increase, with rates on the seafront rising by an average of 9.5 percent.
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Former Catlin Bermuda CEO Graham Pewter joins the board of Brit’s market-facing sidecar.
