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HVRRF - AXIS Cedes More Risk To Third-Party Investors Earns More Fees In Q3 2021
Hannover Ruckvrschng Shs
The Q3 2021 fee income included $6.8 million in other insurance related income, with $13.4 million for the nine-months.
It also included $11.5 million as an offset to general and administrative expenses for Q3 and $32.6 million for the nine-months.
These added revenue streams are meaningful and in a quarter where AXIS has taken losses from the European floods and hurricane Ida they help to improve its performance and return to shareholders.