AXIS Capital shares Q1 catastrophe loss estimate

AXIS Capital shares Q1 catastrophe loss estimate

Somewhere between $105 million and $115 million in pre-tax catastrophes and other weather-related events net loss awaits AXIS Capital Holdings, if the Bermuda-headquartered insurance group’s first quarter estimate is spot on.

After tax, the Q1 range forecast stands at $95 million to $105 million.

In a release, AXIS Capital said its pre-tax net loss approximation for catastrophes and other weather-related events includes $80 million to $90 million for winter storms Uri and Viola. This span, added the insurer, is consistent with industry insured losses of approximately $13 billion to $14 billion.

Meanwhile AXIS Capital, whose financial results

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