Both insurance and reinsurance segments were impacted. The amount is equal to 4.5% of net loss reserves at September 30, 2023, according to the firm.
Axis Capital books $425mn reserve charge for Q4 2023
![axis booking reserve charge Q4 2023](https://assets.euromoneydigital.com/dims4/default/8396d6e/2147483647/strip/true/crop/4798x2941+0+0/resize/840x515!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F0f%2F24%2F60e6b1f74dde98b92ce9c9d54502%2Faxis-preanouncement-q4-23.jpg)
Both insurance and reinsurance segments were impacted. The amount is equal to 4.5% of net loss reserves at September 30, 2023, according to the firm.