AXIS Capital estimated Hagibis losses $90m - $110m


Re/insurer AXIS Capital Holdings Limited (AXIS Capital) has announced a preliminary pre-tax loss estimate for Japanese Typhoon Hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. The company's loss estimate is consistent with industry insured losses of approximately $11 billion and its expected market share of less than 1 percent for this catastrophe event.

Axis Capital, Catastrophe, Hagibis, Typhoon, Insurance, Reinsurance, Japan

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