Another Q3 earnings report is in, and the news is not good. AXIS Capital Holdings has delivered a net income of US$28 million for the quarter, compared to US$43 million in the same quarter in 2018. The company also reported an operating loss for Q3 2019 of US$33 million, while in the same period last year, it reported an operating income of US$79 million.
Albert Benchimol, president and CEO of AXIS Capital, commented on the tough results, attributing them to catastrophic events.
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