Axis Capital’s Q1 combined ratio declined 0.9 points to 90.2% as the (re)insurer’s expense ratio decreased 1.6 points to 31.6%
Axis Q1 CoR decreases 1 point to 90.2% despite higher cat losses
The Bermudian reported net pre-tax cat losses of $49mn, with $32mn attributable to the California wildfires.