A $1 billion principal capital platform dedicated to insurance — marrying flexible, long-term capital with insurance focus and expertise.
Insurance does not lack capital. It lacks the right capital.
Capital of the appropriate form and quality, committed for the right duration, available at meaningful scale, and backed by a deep understanding of the businesses and risks it supports. Axor was created to help close that gap by providing flexible, long-term capital and strategic solutions across the insurance industry.
The instrument follows the diagnosis — common equity, hybrid, surplus relief, or structured risk capital — recognized where the constraint actually binds.
Commitments that match insurance timelines — long-dated, not hostage to a January 1 renewal, market cycle, or fund exit.
Risk sits with capital designed to absorb volatility; fee income and operating incentives stay with the franchise — so everyone is underwriting the same outcome.
Founder-led. Principal mindset.
Zhak Cohen
Nearly two decades at the intersection of private equity, insurance special situations, M&A and asset management — most recently Managing Director and Investment Committee member at Gallatin Point Capital, a senior investor from the firm’s 2017 year of inception. As investor and board member, has helped insurance companies navigate complex capital-architecture transformations, including numerous hybrid capital formations and platform builds, and has served on numerous boards of both public and private companies.
Hybrid structures — formation, capitalization, management-company economics and principal execution across surplus notes and other hybrid instruments, MGA and distribution investments, structured risk transfer, and reciprocal formations in the modern wave.
Formation to listing — a specialty carrier built from inception to NYSE listing; and control investor and board member at a $200B+ asset manager and insurance company.
Earlier — alternative capital at XL Group; M&A at Shearman & Sterling. J.D., University of Pennsylvania Law School; B.A., Brandeis University, summa cum laude, Phi Beta Kappa.
The right capital partner for the next era of insurance.
Insurance does not lack capital. It lacks the right capital — of the appropriate form and quality, committed for the right duration, at meaningful scale. Axor was built to help close that gap.