Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Q3 loss disclosures come in above market expectations
- 10 October 2017
Recent company pre-announcements for Q3 catastrophe events have surprised the market, with some loss numbers coming in well above analysts' expectations.
For example, AIG's loss range of $2.9bn to $3.1bn surpassed the $2.5bn estimate from Morgan Stanley's Kai Pan.
The carrier's loss range also ran ahead of the expectations of Sandler O'Neill analyst Paul Newsome, who predicted the company would incur at most $1bn of losses from Q3 cat events.
AIG reported losses of around $1bn for each of Harvey...
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