Axis estimates 90% retention in non-property 1.1 reinsurance renewals after specialty refocus
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Axis estimates 90% retention in non-property 1.1 reinsurance renewals after specialty refocus

Kyoung-son Song
January 26, 2023
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Axis Capital president and CEO Albert Benchimol today provided an update on the carrier’s specialty repositioning, saying the firm estimated it had lost less than $10mn of desired renewals due to exits from property and property cat reinsurance.

The executive also said Axis estimated a 90% retention ratio in its non-property-related renewals from January 1. It additionally achieved 12.5%

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Kyoung-son Song
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