“I see us over time potentially issuing further cat bonds 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. AXA plans to support its broader group portfolios through ILS 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, Greg Hendrick. The move is part of a strategy by the insurer to diversify away from traditional risk management in order to better manage risk.
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. AXA plans to support its broader group portfolios through ILS 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, Greg Hendrick. The move is part of a strategy by the insurer to diversify away from traditional risk management in order to better manage risk.