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Axis Capital Holdings Reports 8 Percent 2Q Decline

Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competitio

By Phil Gusman | Updated on August 05, 2008

Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competition and loss activity in the property lines.

Net income was reported at $240.5 million compared to $260.8 a year ago.

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