Axis $1bn+ PL quota share FOTs at flat 35% cede with two-year option

Axis Capital’s professional liability quota share has firm ordered at its expiring 35 percent ceding commission, with reinsurers also given the option to do the deal on a two-year basis with a 34.5 percent cede, in the latest sign that the upward march in commissions for long-tail lines deals looks to have topped out, The Insurer can reveal.