Axis just beats Street call with $446mn Q3 loss

Axis Capital just bettered analyst expectations for the third
quarter delivering a $446mn operating loss after preannounced
catastrophe claims that eroded the bottom line by $617mn.
The $5.35 per share loss was slightly better than the $5.38
consensus estimate of Wall Street analysts compiled by Reuters.
The cat losses contributed 61 points to a 152.9 percent combined
ratio, a marked deterioration from the 92.6 percent Axis reported
this time last year.
"During the month of September, our indust