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.
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Business Interruption Claims Arising From the Middle East Conflict 
