Axis Capital
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The sidecar has been launched alongside partner Stone Point Credit Adviser. -
Cyber is another market Axis is watching closely, given new MGA entrants as well as the recent rise of ransomware activity, with the carrier expecting more “undulation” as a result.
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Wu will focus on supporting and growing the broker’s existing US, Canada and Bermuda strategic partnerships.
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Some 15 months on from the property reinsurance exit, he said the firm continued to reserve the right to reshape the portfolio.
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Inside P&C’s news team runs you through the key highlights of the week.
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Rate declines have not been as pronounced in private D&O, though competition is increasing.
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Effective August 24, Kristen Hunter will start as head of inland marine – North America at Axis, bringing a team of three with her from Berkshire Hathaway.
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A 15% tax is in the works, but appears manageable, and with (re)insurance being Bermuda’s largest industry, the territory will take steps to keep companies where they are.
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Differences in reinsurer strategies and risk management lead to differentiation in stock multiples and long-term value creation.
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Market conditions remain “vibrant” with substantial rate increases in property business.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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