Bermuda-based Axis Capital managed to report a profit for the third quarter of 2004, despite the period's "unprecedented number of hurricances and typhoons".
The company managed to report net income of $6.3m for the three months to September, compared to $147m last year. Gross written premiums were up 8.5% to $687.7m.
For the first nine months of the year, Axis made $313.9m in net income, down from $371.9m.
