Axis secures $1.6bn capital

Axis Specialty, the new reinsurer backed by broker Marsh, has secured over $1.6bn of capital in a pri...

Axis Specialty, the new reinsurer backed by broker Marsh, has secured over $1.6bn of capital in a private placement.
The company has been licensed by the Bermuda authorities and plans to start

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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