AXIS Capital’s underwriting result strengthens amid lower cat losses and favourable PYD
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited’s combined ratio improved to 90.4% and 89.8% in the fourth quarter and full year of 2025, respectively, with catastrophe losses falling in both periods compared with the same period a year earlier and net favorable reserve development (PYD) higher in the prior year. AXIS Capital ended 2025…