France-based Axa wrote Euro 2338m of reinsurance premiums in the first half of 2001 — 58.2% up on the...France-based Axa wrote Euro 2338m of reinsurance premiums in the first half of 2001 — 58.2% up on the same period last year.
The group said that the growth in the retrocession market for property catastrophe business, increased renewals and growth of natural catastrophe program business contributed to a 60.5% year-on-year increase in property and casualty premiums.
In contrast, Axa's international insurance premiums in the first half fell 8.6% on the previous first half's figure to Euro 678m. Axa said the reason was a purge of unprofitable business entered into in 2000.
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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