Now the broader AXA Group is likely to also leverage more third-party capital as a tool to help it manage its exposures, share risks with investors and earn the resulting fee income as well. Global insurance and reinsurance group New Ocean Capital Management will increase its use of insurance-linked securities ( ILS ) and broaden its range of risks past its legacy Greg Hendrick portfolio to control its catastrophe exposure. AXA plans to support its broader group portfolios through AXA and third -party capital, looking for opportunities to leverage third -party capital alongside its own and add efficiency to its business, according to AXA XL CEO , XL Catlin . Over 2018 , AXA grew its alternative capital, placing roughly $1bn in third -party capital under recent acquisition ILS .
Global insurance and reinsurance group New Ocean Capital Management will increase its use of insurance-linked securities ( ILS ) and broaden its range of risks past its legacy Greg Hendrick portfolio to control its catastrophe exposure. AXA plans to support its broader group portfolios through AXA and third -party capital, looking for opportunities to leverage third -party capital alongside its own and add efficiency to its business, according to AXA XL CEO , XL Catlin . Over 2018 , AXA grew its alternative capital, placing roughly $1bn in third -party capital under recent acquisition ILS .