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Axis cedes $40 million of premiums, $10 million of losses to Axis Re

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Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd. ceded $40 million of premiums and $10 million of losses to Axis Reinsurance Co., its third-party capital reinsurance unit, in 2016, Artemis.bm reported. Axis Capital ceded $19 million of premiums and $23 million of losses to Axis Re in 2015.

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