NU Online News Service, Aug. 4, 3:37 p.m. EDT

Bermuda-based AXIS Capital Holdings Limited reported second-quarter net income of $159 million, a 31 percent decline from 2008 second-quarter net income of $231 million.

The specialty insurance and treaty reinsurance companysaid it was hurt by $23.7 million in net realized investment losses, driven by $21 million of other than temporary impairment charges on certain mortgage-backed corporate debt and equity securities.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.