Reinsurers

The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.

The reinsurer has cut the cession rate to 33% from 40% last year.

The restructuring arrangement is designed to protect creditors.

Theokli joined the company in 2021 as a senior underwriter.

EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.

The Integrity Re bond is structured into five tranches.

The reinsurer added two new tranches to its 2025 issuance.

A negative January return will be unprecedented for ILS industry.

The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.

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.

Models will need to steepen the curve in the tail to reflect severe event frequency.

Non-proportional business accounted for 34% of its total.