AXIS Re Ventures
The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is a one-stop resource for information on insurance or reinsurance linked investment managers and their ILS fund strategies.
AXIS Re Ventures - snapshot
- ILS manager or company name: AXIS Re Ventures
- Location (HQ / Domicile): Bermuda
- Date of launch: Dec 2013
- Assets under management *: $1.15 billion (As of July 2019)
- Website link: AXIS Re Ventures website
AXIS Re Ventures - Details
The third-party reinsurance capital management unit of insurance and reinsurance group AXIS Capital.
AXIS has access to $2.1 billion of third-party capital support in total, as of July 2019.
Within that $2.1 billion are included AXIS Capital’s third-party capitalised total-return reinsurance joint-venture Harrington Re, its AXIS Ventures Reinsurance Limited unit where its insurance-linked securities (ILS) fund management activities take place, other private quota share and ILS deals with capital partners, and also the firm’s new Alturas Re reinsurance sidecar vehicle.
AXIS doesn’t break each down, but we’ve made an attempt to approximate how those assets under management are split across the vehicles.
We believe Harrington Re likely sits at somewhere around $950 million of the total, that AXIS Ventures Reinsurance Limited could be as much as $620 million, that other capital partner quota shares and private ILS deals make up around $360 million and Alturas Re is $169 million currently.
So that means approximately $1.15 billion of third-party investor assets under management in ILS funds, quota shares, reinsurance sidecars and other private ILS vehicles at AXIS Capital as of July 2019, with this sum largely deployed to property catastrophe risks.
Team size and structure:
Led by Ben Rubin, Executive Vice President, Capital Markets at AXIS Capital.
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*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers. There is an element, albeit small, of insurance debt within this combined AuM.The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.
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