Axis Capital looks to expand ILS partnerships

Posted On: May. 20, 2019 6:42 AM CST

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, Artemis.bm 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.