AXIS Capital Estimates 4Q Losses from Hurricane Michael

Article 0 Comments AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million, which will affect its fourth quarter financial results. The loss estimate figure is net of estimated recoveries from reinsurance and retrocessional covers and includes the […]

Acquisition of Novae Boosts Q1 Results for AXIS Capital

Article 0 Comments AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. The Bermuda-based insurer and reinsurer booked $63 million in net income compared to $5 million in the 2017 […]