Axis shifts to $147mn Q3 UW gain as cat losses plummet 80% to $41mn

Axis Capital moved to a $147mn underwriting gain in the third quarter from a $29mn loss last year, driven by plummeting cat losses that fell 80 percent to $41mn from $212mn last year, along with a core loss ratio that improved by 80bps to 56.3 percent.


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