Arch expects up to $75m cat loss in Q3 2019 from Hurricane Dorian and Typhoon Faxai

Bermuda-based re/insurer Arch Capital Group is expecting approximately $65 to $75 million (pre-tax) losses related to 2019 third quarter catastrophic events.

The carrier said the losses are primarily from Hurricane Dorian and Typhoon Faxai.

The loss estimates exclude the operations of Watford Holdings, and are based on currently available information derived from modeling techniques, industry assessment of exposure, preliminary claims information obtained from the company’s clients and brokers review of in-force contracts.

The company noted that actual losses from these events may vary materially from the estimates due to the inherent uncertainties in making such determinations.

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