AXIS Capital, Everest Re Group announce first quarter financials

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AXIS Resources, Everest Re Team reveal initial quarter financials

Bermuda peers AXIS Capital Holdings and also Everest Re Team have actually released their particular monetary outcomes for the quarter finished March 31.

Right Here’s just how both insurance policy teams executed in the initial 3 months of 2021:

Metric/company

AXIS Resources

Everest

Gross written costs– insurance policy

$ 1.1 billion

$ 872 million

GWP– reinsurance

$ 1.4 billion

$ 2.1 billion

Operating earnings

$ 83 million

$ 260 million

Earnings

$ 116 million

$ 342 million

“With market conditions favourable across virtually all of our lines of business, our performance is seeing positive momentum as the global economy continues to recover,” claimed AXIS Resources head of state and also president Albert Benchimol.

“We have a strong franchise, deep relationships with our brokers and partners in distribution, and leadership positions across our most attractive markets. We believe AXIS is poised to continue to demonstrate meaningful improvements to our performance in 2021 and beyond.”

In a similar way happy is Everest head of state and also Chief Executive Officer Juan C. Andrade, that mentioned his camp’s “strong start” to the year and also indicated durable development, solid general success, proceeded renovation in attritional underwriting margins, and also what was called superb financial investment efficiency.

Andrade commented: “Our first quarter results further illustrate the earnings power of Everest and our success in implementing our strategy to build a broadly diversified company with a relentless focus on strong operational performance and disciplined underwriting.”

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