Bermuda-domiciled (re)insurer AXIS Capital bemoaned longevity risk modelling as "unpredictable" and "inherently uncertain", as it reported a $138mn fair value loss on a 2006 life settlement derivative investment in its Q3 results.
Bermuda-domiciled (re)insurer AXIS Capital bemoaned longevity risk modelling as "unpredictable" and "inherently uncertain", as it reported a $138mn fair value loss on a 2006 life settlement derivative investment in its Q3 results.