AXIS reports 124.6% CR on previously announced Q4’23 reserve strengthening
Reinsurance News - Feb 01, 2024
Bermuda-based AXIS Capital Holdings Limited has reported a net loss of $150 million for the fourth quarter of 2023 on the back of previously announced net adverse prior year reserve development of $425 million, as the firm’s combined ratio deteriorated by 30.5 percentage points to 124.6%. The...
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