Axis cuts back premium to strategic partners 38%, but fee income falls just 5%
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Axis cuts back premium to strategic partners 38%, but fee income falls just 5%

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Axis Capital pared back the premiums it ceded to capital partners by 38% in Q2, as the carrier said it continued to manage down catastrophe volatility.

Strategic capital partners: Axis ceded 38% fewer premiums to other strategic partners, including sidecar investors, with the ceded figure falling to $113.8mn

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