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AXIS Capital Holdings Limited reports significant net loss and reserve strengthening
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AXIS Capital Holdings Limited reported a net loss of $150 million for Q4 2023 due to previously announced net adverse prior year reserve development of $425 million, leading to a 30.5% increase in the combined ratio. Vince Tizzio, President and CEO of AXIS Capital, expressed excitement for the company's future with a focus on becoming a specialty underwriting leader.
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How does AXIS Capital's performance in Q4 2023 compare to previous quarters?
How will the reserve strengthening impact AXIS Capital's financial position in the long term?
What steps is AXIS Capital taking to become a specialty underwriting leader?
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