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Axis Capital looks to expand ILS partnerships


Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd. plans to cede more premiums to insurance-linked securities' partners this year after doubling ILS-related cessions to nearly $600 million in 2018, reports. Albert Benchimol, chief executive of Axis Capital, said that Axis Capital will set up new risk-funding units to channel different types of risk to ILS investors.

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