Axis expects to report $250mn in Q3 cat losses, including $175mn from Ida
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Axis expects to report $250mn in Q3 cat losses, including $175mn from Ida

James Thaler
October 14, 2021
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Axis logo storm damage.jpg

Axis Capital projects that it will record $250mn in third-quarter catastrophe losses when it reports its full set of results later this month.

On Thursday evening, the company disclosed that it anticipates claims from Hurricane Ida will total $175mn, which is based on $35bn in estimated industry losses from Ida.

Losses

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NewsResultsBermudaAxis CapitalEarnings
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James Thaler
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