Axa compromises on terms to get aerospace treaty home

The growing resolve of aviation reinsurers following years of
deteriorating primary pricing was in evidence earlier this month as
Axa Corporate Solutions opted to relax its proposed terms to ensure
the placement of a new proportional treaty, The
Insurance Insider understands.
Sources said the reinsurance market had agreed to support the
new whole-account quota share - which is believed to cover around
half of the insurer's book - after Axa agreed to give up ground
on the deal's ceding commission