Axis Says Catastrophes Cost $140 Million, Fueled by Floods, Hail

By Megan Hickey | July 18, 2013

Axis Capital Holdings Ltd. said second-quarter catastrophe and weather-related losses were $140 million before taxes.

Tornadoes and hailstorms in the U.S. and flooding in Argentina and Canada caused $90 million in pretax insurance losses, the Bermuda-based company said in a statement distributed by Business Wire.

Was this article valuable?

Here are more articles you may enjoy.