Bermudian insurer Axis Capital Holdings has posted its second quarter results, revealing net income for the quarter at £73m.
The performance in the period leaves Axis' net income for the six months ended 30 June rose 264% to £139.4m.
Gross written premiums were £342m, up from £161m in the same period in 2002.
John Charman, president and chief executive officer, commented: "We are delighted to have produced such a strong set of financial results for our first reporting period as a public company.
"These results clearly demonstrate the differentiating Axis franchise that has been built over the last eighteen months. All four of our underwriting segments are now fully operational, each has top quality ratings, excellent staff and well capitalised platforms from which we can not only sustain our profitability but, more importantly, from which we can generate future growth."
