XL Group Estimates $1.33B Loss From Hurricanes Harvey, Irma And Maria

Friday, October 13th, 2017 Catastrophe Property

XL Group Ltd. reported on Wednesday a preliminary estimate of approximately US$1.33 billion relating to Hurricanes Harvey, Irma and Maria. For the third quarter of 2017, total catastrophe losses, including smaller loss events, are preliminarily estimated at approximately US$1.48 billion. These preliminary estimates are pre-tax and net of reinsurance, reinstatement and adjustment premiums and redeemable non-controlling interest. On an after-tax basis, the preliminary estimate of total cat net losses for the quarter is approximately US$1.35 billion, XL said in a press release on Wednesday.


External References & Further Reading
https://www.canadianunderwriter.ca/insurance/xl-group-estimates-us1-33-billion-loss-hurricanes-harvey-irma-maria-1004121899/
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