Filed Under:Agent Broker, E&S/Specialty Business

Another Group of Sandy Losses; Axis Capital to Bear $300M Impact

Six more Bermuda-based insurers and another from Switzerland have chimed in with expected catastrophe losses from Superstorm Sandy.

Axis Capital Holdings of Pembroke leads this latest grouping by announcing $300 million as its preliminary estimate of Sandy-related losses, after tax, reinsurance recoveries and reinstatement premiums.

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