On Monday, AXIS Capital Holdings Ltd. (AXS) provided its preliminary loss estimates from the earthquake in Chile and the European Windstorm Xynthia.
AXIS Capital announced that it expects to incur net losses between $60 million and $125 million for the earthquake. The 8.8 magnitude earthquake that occurred off the coast of the Maule Region of Chile on Feb 27 has left over 497 dead and hundreds missing. Industry insured losses for the earthquake is estimated between $4 billion and $8 billion. 
In addition, AXIS Capital’s initial estimate of losses from the European Windstorm Xynthia ranges between $10 million and $20 million. Industry losses for the storm are projected between $2 billion and $4 billion. The net loss estimates are provided on a pre-tax basis and net of reinstatement premiums.
Xynthia, the violent European windstorm, crossed Western Europe on Feb 26 – 28. S