Axis expects to report $250mn in Q3 cat losses, including $175mn from Ida
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

James Thaler
14 October 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsBermudaAxis Capital
JT
James Thaler
Gift this article