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.
At-Bay to Be Acquired by Munich Re for $575 Million 
Progressive Boosts Exposure With Football Field Logos at 13 Universities 
One Battle After Another: What TPLF Victory in One State Means for Others 
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 
