AXIS Capital announces 'disappointing' quarter with US$33 million operating loss

Insurance Business America | October 30, 2019

Another Q3 earnings report is in, and the news is not good. AXIS Capital Holdings has delivered a net income of US$28 million for the quarter, compared to US$43 million in the same quarter in 2018. The company also reported an operating loss for Q3 2019 of US$33 million, while in the same period last year, it reported an operating income of US$79 million. Albert Benchimol, president and CEO of AXIS Capital, commented on the tough results, attributing them to catastrophic events.

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Corporate tax departments are grappling with enormous change on several fronts, much of it driven by dramatic improvements in new and better technology platforms. The pressure to adapt has never been greater, and the consequences of falling behind have never been more punishing. Download the latest white paper from Thomson Reute

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