Insurance Day
Axis Capitalâs income rises 13.6% to $155.8m on currency gains
John Shutt
Bermudian re/insurer Axis Capital Holdings’ net income for the first quarter of the year rose 13.6% to $155.8m, as a swing
to $63.2m in foreign exchange gains from losses of $4.2m helped offset a drop in underwriting income and a swing to $42.6m
in realised investment losses from gains of $10.6m.