Nonetheless, AXIS Capital intends to lower expenses by $50 million to $60 million by the end of 2017. Moreover, the Zacks Consensus Estimate has witnessed downward revision for the second quarter over the last 60 days. Nevertheless, AXIS Capital remains committed on strengthening its three businesses – Specialty Insurance, Reinsurance, and Accident & Health – for long-term growth. The company also remains focused to make organizational changes to support growth.