Business & Finance
Business and Finance
Business and Finance
Thu, May 19, 2011
Wed, May 18, 2011 AXIS Capital Announces Publication of the Companya?s 2010 Loss Development Triangles
PEMBROKE, Bermuda--([ BUSINESS WIRE ])--AXIS Capital Holdings Limited (aAXIS Capitala) (NYSE: AXS) today announced that it will publish the Companya™s 2010 Loss Development Triangles before the financial markets open on May 19, 2011. A copy of these documents will be available on the Companya™s website at [ www.axiscapital.com ] in the Investor Relations section on the Financial Reports page under Supplementary Financial Data.
The data will be presented on an accident year basis and will include paid, incurred and ultimate losses on a net and gross basis as at December 31, 2010 together with development triangles for paid, incurred and ultimate losses on a gross basis. The information for the development triangles will be provided for eleven reserving classes of business which fall within the Companya™s two reporting segments, Insurance and Reinsurance.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholdersa™ equity at March 31, 2011 of $5.2 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of aA+a (aStronga) by Standard & Poora™s and aAa (aExcellenta) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poora™s and Baa1 (stable) by Moodya™s Investors Service. For more information about AXIS Capital, visit our website at [ www.axiscapital.com ].
