He explained this as a continuation of the process of “trying to match the right risk with the right capital” at the re/insurer. Global insurance and reinsurance group AXA will increase its use of insurance - linked securities ( ILS ) and broaden its range of risks past its legacy XL Catlin portfolio to control its catastrophe exposure . It plans to support its broader group portfolios through alternative and third - party capital , looking for opportunities to leverage third - party capital alongside its own and add efficiency to its portfolio , according to AXA XL CEO , Greg Hendrick . Over 2018 , AXA grew its alternative capital , placing roughly $ 1bn in third - party capital under recent acquisition New Ocean Capital Management .
Global insurance and reinsurance group AXA will increase its use of insurance - linked securities ( ILS ) and broaden its range of risks past its legacy XL Catlin portfolio to control its catastrophe exposure . It plans to support its broader group portfolios through alternative and third - party capital , looking for opportunities to leverage third - party capital alongside its own and add efficiency to its portfolio , according to AXA XL CEO , Greg Hendrick . Over 2018 , AXA grew its alternative capital , placing roughly $ 1bn in third - party capital under recent acquisition New Ocean Capital Management .