Axis expects to take $105mn-$115mn pre-tax charge from Q1 nat cats
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Axis expects to take $105mn-$115mn pre-tax charge from Q1 nat cats

Axis Texas Uri background.jpg

Axis is anticipating first quarter natural catastrophes to cost the carrier between $105mn and $115mn, before tax.

Announcing its loss estimate for the period, the carrier said it expects winter storms Uri and Viola to account for $80mn-$90mn of claims, largely in Texas, and said there was no change to its prior net loss estimate for...

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article