Chubb estimates Q3 cat losses at $450m pre-tax
Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax.
The losses are attributable to more than 20 separate weather events including hurricane Florence in the US, a rain and hailstorm in Colorado, typhoons Mangkhut and Jebi in Asia, and wildfires in California.
These estimates are net of reinsurance, include reinstatement premiums and comprise losses generated from the company's commercial and personal property and casualty insurance businesses as well as its reinsurance operations.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Maiden sells US casualty fac business to Sompo
Travelers partners with Amazon for smart home solutions
Ascot CEO becomes new Lloyd’s Market Association chairman
London Market profitability to remain under pressure in 2018: Fitch
Allianz strengthens AGCS UK broker relationships with AIG hire
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze