Axis Capital Q3 CoR increases 0.4 points to 93.1% despite cat impact
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Axis Capital Q3 CoR increases 0.4 points to 93.1% despite cat impact

Pre-tax cat losses were $78mn, or 5.8 points on the Q3 CoR, compared to last year’s $42mn, or 3.2 points.

By Kyoung-son Song
October 30, 2024
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Police block off a bridge leading to the barrier island of St. Pete Beach, Fla., ahead of the arrival of Hurricane Milton, in South Pasadena, Fla., Wednesday, Oct. 9, 2024. (AP Photo/Rebecca Blackwell)

Axis Capital’s Q3 combined ratio was 93.1%, up 0.4 points year on year, as the impact of larger cat losses was mitigated by expense cuts and favourable reserve development.

The

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