Axis capital holdings limited provides preliminary loss estimate for typhoon hagibis impacting fourth quarter 2019 financial results

Axis capital holdings limited announced a preliminary pre-tax loss estimate for japanese typhoon hagibis in the range of $90 million to $110 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. the company's loss estimate is consistent with industry insured losses of approximately $11 billion and its expected market share of less than 1% for this catastrophe event.
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