Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
Arch lifts Q4 cat loss estimate to $60mn-$75mn
- 10 January 2018
Arch is expecting to book net cat losses of $60mn-$75mn in the fourth quarter alongside a $15mn-$20mn tax write-down as a result of the recently introduced US tax reforms.
The cat loss figure is net of reinsurance and reinstatement premiums, and is an upwards revision to Arch's previously announced $30mn-$55mn loss range.
The previous range reflected the first series of California wildfires only, also referred to as the Tubbs fire, whereas this current range reflects the Tubbs fire, the Thomas...
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