Axis predicts $130mn in cat losses in Q4

Axis Capital has estimated its net losses from Q4 catastrophe
and weather events at $130mn.
The Q4 figure includes $54mn of losses from the October
California wildfires, up from itsprevious estimate of $35mn-$45mn.The total Q4 estimate also includes a preliminary loss figure of
$38mn related to the most recent wildfires in Southern California
in December, as well as $38mn related to other events.
"Other event losses are primarily attributable to an
aggregate excess of loss reinsurance cover whic