While it is true that the global property insurance & cat XS market is hardening, I don’t think that is the primary reason for AXA’s move. The article authors string that reason at the end of their opening statement/ sentence. The price, the complimentary nature of their portfolios, the struggle of XL recently, and perhaps the ambition of AXA’s Buberl to improve AXA’s position and value, are at least equally – probably more – important.
Bermuda is toast. It’s U.S. tax reform. What a shame, because it’s a lovely locale.
While it is true that the global property insurance & cat XS market is hardening, I don’t think that is the primary reason for AXA’s move. The article authors string that reason at the end of their opening statement/ sentence. The price, the complimentary nature of their portfolios, the struggle of XL recently, and perhaps the ambition of AXA’s Buberl to improve AXA’s position and value, are at least equally – probably more – important.