Covid-19 losses push Axis Q1 combined ratio to 119.8%

Axis Q1 earnings

Axis Capital has reported a 22.9 point deterioration of its combined ratio in the first quarter as a result of pre-announced catastrophe and weather-related losses, while gross written premiums (GWP) fell 14.0 percent in the reinsurance segment but rose 10.5 percent in the insurance segment.

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