Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
(Re)insurer disclosures on Q3 cats begin in earnest
- 3 October 2017
With the third quarter now in the books and (re)insurers obliged to quantify their losses for investors during reporting season, a number have started to pre-announce their expected share of the glut of cat losses.
The vast majority of the (re)insurers that disclosed their loss estimates had absorbed losses from Hurricane Harvey. The Category 4 storm hit Texas on 25 August, with RMS predicting the event would cost insurers between $25bn and $35bn, while AIR Worldwide estimated losses at more...
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