Axis reduces cyber appetite as ransomware drives Q4 loss ratio increase

Bermudian Axis Capital is to curtail its appetite for primary cyber business in 2021 after the carrier identified an uptick in ransomware-related claims as having led to an increase in the fourth quarter loss ratio in its insurance segment.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com