Axis Gustav-Ike losses $310- $430 million; details investment exposure

Bermuda-based AXIS Capital Holdings Limited announced that preliminary net loss estimates for Hurricanes Gustav and Ike range from approximately $310 million to $430 million, net of reinstatement premiums. Axis’ preliminary net loss estimate, net of reinstatement premiums, for Gustav ranges from approximately $25 million to $45 million, with $15 million to $25 million emanating from its reinsurance segment and $10 million to $20 million emanating from its insurance segment.