Axis CoR deteriorates 2.8 points to 93.4% as company seeks to cut volatility
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Axis CoR deteriorates 2.8 points to 93.4% as company seeks to cut volatility

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Axis Capital has reported a combined ratio of 93.4% for the year’s second quarter, up 2.8 points from the same period last year, as the company continues to pull out of the property reinsurance business.

Gross written premiums (GWP) for the second quarter jumped nearly 9% year-on-year to $2.1bn, driven by growth in the carrier’s insurance segment, which increased 16% year on year, partially offset by a 4% decrease in the reinsurance segment.

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