AXIS Ups Capitalization At Reinsurance Unit
NU Online News Service, Sept. 5, 2:50 p.m. EDT?AXIS Capital Holdings announced it has boosted capitalization at AXIS Re, its European reinsurance subsidiary, to $500 million.
This enhancement in the reinsurance unit's capital is part of the effort by AXIS to expand its Europe business presence–the insurer has also recently established AXIS Re Europe, an underwriting branch of AXIS Re in Zurich, Switzerland.
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