AXIS Capital Holdings Ltd. reported that the total estimated net after-tax impact relating to its exposure to Hurricanes Charley, Frances, Ivan and Jeanne during the third quarter is expected to be between $190 – $210 million. This estimate is derived from the output of industry models, a review of in-force contracts and preliminary indications from clients.
Actual losses from these hurricanes may vary materially from estimated losses.
This estimate encompasses exposures from each of AXIS Capital’s four segments and includes AXIS Capital’s previously announced estimate for Hurricane Charley of $60 – $80 million.
Was this article valuable?
Here are more articles you may enjoy.
NAIC Says Data Taken in Hack Has Been Published Online 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
