AXIS Capital Holdings Limited has been dealt a blow.
Announcing its financial results for the fourth quarter of 2019, the insurance group said net loss attributable to common shareholders stood at US$10 million (around AU$14.8 million). The ‘good news’ is, the figure isn’t as bad as that suffered by AXIS Capital in the same period in 2018, when it was hit by a US$198 million loss.
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