AXIS swings to loss in Q3 but optimistic on strong pricing momentum

29-10-2020

AXIS swings to loss in Q3 but optimistic on strong pricing momentum

AXIS CEO Albert Benchimol; Source: AXIS Capital

Bermuda-based re/insurer AXIS Capital Holdings saw its business shrink and swung to loss in the third quarter of 2020, blaming "exceptional levels" of catastrophe loss activity, but its chief executive Albert Benchimol showed "great optimism" on positive pricing momentum with rates up 16 percent in the insurance segment.


AXIS Capital Holdings, Third quarter 2020, Loss, Insurance, Reinsurance, Catastrophe loss, Albert Benchimol, Bermuda, North America

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