Axis Capital

Many hybrids, unless they are willing to take a meaningful financial hit to secure a divestiture, will have to stick with their reinsurance businesses through the current cycle.

The specialty (re)insurer has appointed Axa XL’s Christine Cook as head of portfolio underwriting to lead the team.

A sale of the reinsurance business would drive higher returns, reduce volatility and help re-rate the shares.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s news team canters through the week’s key developments.

The carrier also revealed $30mn in Russia-Ukraine Q1 losses.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

In Q1, the insurance division's NWP rose 19.2% while the reinsurance unit's NWP decreased 9.5% year-on-year.

Jefferies has been awarded the mandate to seek a buyer for the segment.

A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.

In its first annual home-based business survey, Axis commissioned a poll of 1,000 business owners to understand more about their motivations and challenges.

The protracted firming phase of the cycle continues, with E&S firmer than the admitted market.