Harrington Re


Retro helps AXIS reduce Q3 catastrophe losses to $578 million

The retrocession market has helped Bermudian re/insurer AXIS Capital to reduce its losses from third-quarter catastrophe events, including hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, to $578 million, with the firm set to claim $136 million back from retrocessionaires.AXIS Capital said that the $578 million hit read the full article →

AXIS earns more fees, cedes more risk to third-party capital

During the second-quarter of 2017 Bermuda-based insurer and reinsurer, AXIS Capital Holdings, noted the continued positive momentum it sees in its strategic capital partnership activities, recognising increased fee income and ceding more premiums to third-party capital in the period.The re/insurer recognised greater fee income in the opening quarter of the read the full article →

Harrington Re integral to AXIS’ alternative capital strategy: Benchimol

Total-return reinsurance vehicle Harrington Re, established earlier this year by re/insurer AXIS in partnership with Blackstone, has become an integral part of the firm’s broader alternative capital strategy, according to AXIS Capital Holdings President and Chief Executive Officer (CEO), Albert Benchimol.Speaking on the insurer and reinsurer’s third-quarter 2016 earnings call, read the full article →

Third-party capital importance growing at AXIS, set to increase use

Capital from third-party reinsurance investors is becoming increasingly important to re/insurer AXIS Capital with the company set to increasingly utilise alternative and capital markets sources, as the multiple balance-sheet approach enables it to optimise its risk appetite and underwriting portfolio.AXIS has been managing some third-party capital for a while, in read the full article →