AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”)
(NYSE:AXS) today announced the publication of the Company’s 2017
Loss Development Triangles. A copy of this document is available in the
Investor Relations section of the Company’s website, www.axiscapital.com.
The data is presented as of December 31, 2017, on an accident-year basis
and includes paid, incurred and ultimate losses on a net and gross
basis. Development triangles for paid, incurred and ultimate losses are
provided on a net of reinsurance basis, thus allowing for a more direct
reconciliation between the triangles and the Company’s published net
financial information. The information for the development triangles is
provided for 11 reserving classes of business that fall under the
Company’s two reportable segments, Insurance and Reinsurance.
Consistent with the Company’s Form 10-K filing, for the year ended
December 31, 2017, the Accident & Health business has been grouped
within Insurance Property. This will be reclassified as Insurance and
Reinsurance for 2018 and onwards. To avoid distortions to the triangles,
Novae Group plc (“Novae”), which includes Syndicate 2007, and Compagnie
Belge d’Assurances Aviation NV/SA (“Aviabel”) are not reflected in the
triangles unless explicitly stated.
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines
insurance and treaty reinsurance with total shareholders’ equity at
March 31, 2018, of $5.3 billion and locations in Bermuda, the United
States, Europe, Singapore, Middle East, Canada, and Latin America. Its
operating subsidiaries have been assigned a rating of “A+” (“Strong”) by
Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more
information about AXIS Capital, visit our website at www.axiscapital.com.
Please be sure to follow AXIS Capital on LinkedIn: http://bit.ly/2kRYbZ5.
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