Axis’s April renewals yielded 9% rate, 85% retention amid reinsurance reposition: Tizzio
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Axis’s April renewals yielded 9% rate, 85% retention amid reinsurance reposition: Tizzio

Jairo Ibarra
April 27, 2023
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Axis Capital’s incoming CEO, Vince Tizzio, said April reinsurance renewals yielded a 9% rate increase and 85% retention ratio, including a “cutback” on one cedant.

On a call with analysts, the executive added that the carrier had a reinsurance premium retention rate of 83% in Q1 and an average rate rise of 12% in renewed business, “as we nonrenewed business that in our estimation...

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Jairo Ibarra
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