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Axis Q2 net income drops 8%

Axis Capital, the Bermudian (re)insure, said that second quarter net income fell to $231m, down from $252m in the second quarter of 2007.

Net income for the six months ended June 30, 2008 was $469m compared with $479m for the corresponding period in 2007.

Net written premiums for the quarter fell to $684.2m, down from $755.3m a year

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