NU Online News Service, July 15, 1:55 p.m. EDT

AXIS Capital Holdings Limited says it expects between $90 million and $105 million in second-quarter losses, net of reinsurance, tax and reinstatement premiums, from a June aftershock in Christchurch, New Zealand and from April and May U.S. storms.

The Pembroke, Bermuda-based specialty insurer and reinsurer says the New Zealand aftershock is expected to cause losses of between $30 million and $35 million, while the U.S. storms are expected to cause between $60 million and $70 million in losses.

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