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Axa expands property quota share reinsurance protection


French insurer Axa SA has expanded its property quota share reinsurance protection, which it believes can offset the higher retention across its excess-of-loss reinsurance program, Artemis reported. The insurer increased cession to 31% for the Axa XL Insurance quota share in North America and 28% for international risks, while adding a new 14% quota share reinsurance arrangement for the Axa XL London market property business.

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