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Axis' premiums ceded to third party capital rise 60%

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Bermuda-based insurer Axis Capital Holdings Ltd.'s premiums ceded to third-party capital providers grew 60% to $489 million in 2017 from $304 million in 2016, Artemis.bm reports. Axis said that its third-party capital under management totaled nearly $2 billion in 2017, with around 55% dedicated to the property catastrophe reinsurance space.

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