Bermuda-headquartered specialty insurer and reinsurer, AXIS Capital, just lately employed Matthew Galbraith, previously of Parameter Local weather and TigerRisk Companions, as an insurance-linked securities (ILS) Analyst.
Galbraith joined the AXIS ILS crew in New York in June after greater than 18 months with Parameter Local weather, the parametric local weather threat switch centered underwriter and advisor, which he joined in November 2022 as an Affiliate, earlier than changing into Product Supervisor.
Previous to this, he spent virtually three years with TigerRisk Companions (now a part of Howden Re), first as a reinsurance dealer intern after which as a reinsurance dealer, based mostly in New York.
Galbraith joins the AXIS ILS crew shortly after Kyle Freeman was appointed Head of ILS at the specialty re/insurer, because the agency continues to construct out its third social gathering capital operations.
By means of its AXIS ILS unit, the corporate has been increasing its third social gathering capital actions, highlighted just lately by its landmark $75 million Long Walk Reinsurance Ltd. (Series 2024-1) 144A cyber disaster bond issuance in 2023, and in addition its partnership with Stone Point to launch casualty ILS vehicle Monarch Point Re.
In Q1 2024, AXIS recognised an increase in fee income from its work with third party investors, and the agency has stated beforehand that it’s dedicated to the ILS house and eager to proceed sharing dangers with traders, because it seems to be to construct on alternatives to match the proper threat with the proper capital.
