PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that it will publish the Company's 2016 Loss Development Triangles after the financial markets close on June 14, 2017. A copy of this document will be available in the Investor Relations section of the Company's website, www.axiscapital.com.
The data will be presented as of December 31, 2016 on an accident-year basis and will include paid, incurred and ultimate losses on a net and gross basis. Development triangles for paid, incurred and ultimate losses will be provided on a net of reinsurance basis, rather than on the gross basis used in corresponding prior year publications, allowing for a more direct reconciliation between the triangles and the Company's published net financial information. The information for the development triangles will be provided for 11 reserving classes of business that fall under the Company's two reportable segments, Insurance and Reinsurance.
About AXIS Capital
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at March 31, 2017 of $6.2 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. Please be sure to follow AXIS Capital on LinkedIn.