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

Posted On: Mar. 14, 2017 5:00 AM CST

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.