Axis expects to take $105mn-$115mn pre-tax charge from Q1 nat cats
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Axis expects to take $105mn-$115mn pre-tax charge from Q1 nat cats

John Hewitt Jones
14 April 2021
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Axis Texas Uri background.jpg

Axis is anticipating first quarter natural catastrophes to cost the carrier between $105mn and $115mn, before tax.

Announcing its loss estimate for the period, the carrier said it expects winter storms Uri and Viola to account for $80mn-$90mn of claims, largely in Texas, and said there was no change to its prior net loss estimate for...

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