Insight and Intelligence on the London & International Insurance Markets 24 Jul 2017
Kemper to book up to $38mn in Q2 cat losses
- 17 July 2017
New York-listed insurer Kemper said it expects to report pre-tax cat losses of between $32mn and $38mn in the second quarter.
It said the losses were related to more than 15 storms and that it does not expect to recover any of the tally through its catastrophe reinsurance programme.
In April the company had warned of first quarter pre-tax cat losses of between $60mn and $70mn, which was well above analysts' forecasts at the time.
It eventually reported after-tax cat...
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